The value of Nigeria’s equities market rose by about N5.489trillion in June as all key sectors on the nation’s bourse saw remarkable buy-side activities.
A look at the performance of key sectoral indices shows that the NGX Consumer Goods Index rallied the most by 10.75 percent, NGX Insurance Index (+10.33 percent), NGX Banking Index (+10.04 percent), NGX Industrial Index (+5.60 percent), and NGX Oil & Gas Index (+4.74percent).
“In the near term, we anticipate a shift in market positioning toward historically high dividend-yielding stocks ahead of the half-year earnings season, while macroeconomic developments will continue to shape overall sentiment,” Coronation Research analysts said in their June 30 note.
