Nigeria Stock Exchange share values rose to N16.15 trillion last week,this is the recorded highest in history with investors gaining N2.6 trillion in a three week rise. This rise is as a result of dollars coming in from foreign investors. This foreign investors so an opportunity to invest based on the Investors and Exporters (I&E) foreign exchange window, this alone brought in about N3.3 billion since the start of the year, as well as the relative cheapness of shares on the Nigeria Stock Exchange occasioned by devaluation of the Naira.
The Nigeria Stock Exchange market capitalisation, which opened at N15.782 trillion inched N298 billion or 1.89 per cent to close at N16.080 trillion.Also, the All-Share Index rose by 830.52 points or 1.89 per cent to close at 44,885.24 compared with 44,054.72 achieved on the previous week.
The top five gainers that rose significantly, YtD in percentage term include: Skye Bank Plc (158 %), Diamond Bank Plc (138%), FCMB Plc (135.85), Wema Bank Plc (125 %) and Unity Bank Plc (111.3 %). Meyer Plc, Dangote Sugar, Flour Mills Nigeria Plc, A.G Leventis and Glazosmithkline Consumer Nigeria Plc suffered the worst losses in the losers’ table.