150612: Equity Market inches up by +1.35% in the week to halt downtrend

Trading activities closed positive in the week after five weekly session of negative outlook as the three-day rally witnessed in the early sessions of the week lifted market back to the positive territory while NSE signed a Memorandum of Understanding (MOU) with Lotus Capital for the development and management of a certified Shari'ah compliant Index which would increase the variety of investment classes in Nigeria as the Islamic Equity Index joins the family of indices of The NSE.

Furthermore, the bulls resurfaced on the Nigerian bourse after nine consecutive session of negative position as ASI moves up by +1.34% to open the first trading day of the week optimistic bargain activities significantly outweighed sell pressure amid improve breadth while market maintained positive outlook for the second session just as weak market sentiments permeates across the main board with NSE Index consolidating by +0.27%.

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