In the month of July, the benchmark All Shares Index (ASI) gained 214.57 basis points, closing at 24,693.73 basis points last week Wednesday, as against opening the month with 24,479.16 basis points, representing a 0.88% rise. On the sectoral performance chart, the NSE Industrial Goods and Premium indices drove the market the most in the month under review. While the industrial Goods index gained 3.88 per cent, the NSE Premium index followed with 3.79 per cent. On the performance chart for July, Arbico led the losers’ chart as it lost 26.46 per cent of its share value. Analysts, however, believed that market outlook for the new month remained mixed as more quarterly and full-year earnings are expected.

Source: Nigerian Tribune August 02, 2020 17:15 UTC