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NGX Set for a Cautious Start this Week After Last Week’s Rally

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The Nigerian equities market resumes on Monday after closing in positive territory last week.

The All-Share Index recorded a modest 0.12% weekly gain to 245,573.60 points, driven by narrow gains in financial heavyweights despite a broader market sell-off,

While market capitalization expanded by N187 billion and year-to-date returns reached 57.81%, a negative 0.41x market breadth saw 63 equities decline compared to 26 advances.

Analysts expect investors are cautiously optimistic about whether the market can sustain the momentum this week.

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