A week of gains on the Nigerian Stock Exchange got Investors smiling as they saw N181.622 billion added to the Market Capitalization. Every single day of trading closed in positive.

A total turnover of 1.065 billion shares, worth N10.798 billion in 20,482 deals were traded in the preceding week by investors on the floor of the Exchange, in contrast to a total of 421.984 million shares valued at N5.337 billion that exchanged hands last week in 11,801 deals.

The Financial Services industry (measured by volume) led the activity chart with 677.301 million shares valued at N5.070 billion traded in 10,386 deals; thus contributing 63.59% and 46.95% to the total equity turnover volume and value respectively.

Heading into the new week, we keep a cautious outlook on the market. Investors will be better served buying into fundamentally strong stocks currently trading at bargain prices.


Read full article at https://investogist.com/nigerian-stock-market-review-and-stock-pick-for-the-week-ahead-10th-aug-14th-aug-2020/