Stock Market Records Recovery Amid Deadline For Release Of Full Year Results

The seeming recovery andbuying sentiment on the Nigerian Exchange Limited, NGX resurfaced last week as the deadline for submission of the 2024 audited financial statements for companies with December year-end gets closer.

Consequently, the major benchmark market indicator, NGX All Share Index, ASI, grew by 0.7 to close last Friday, at 105, 660.64 points from 104,962.96 points the previous day.

Similarly, another major indicator, market capitalisation, which measures the total value of securities listed on the NGX grew by over N438 billion to close at N66.257 trillion from N65.819 trillion the previous week.

Market participants attributed the uptrend of the market to the improved momentum and earnings expectations from companies that would soon release their results.