Transpower, MTNN, Geregu, Bua Cement, PZ Cussons top some of the stocks to watch this week as investors commence trading on the floor of the Nigerian Xchange (NGX) this week.
After two consecutive weeks of bearish sentiment, investors gained N3.26trn as market capitalisation rose to N57.29 trn from N54.04trn in the previous week as a total turnover of 2.16bn shares worth N108.82bn in 51,556 deals was traded in the week, from 1.88bn shares valued at N34.15bn traded in the previous week in 48,464 deals.
The benchmark all-share index (ASI) also increased to 101,330.65 points from 98,751.98 points the previous week, reversing last week’s losses that plunged the ASI below its 100,000 points mark.
