The NGX All-Share Index, which tracks the general market movement of all listed equities shed 5.87 per cent to close H1 at 37,907.28 basis points from 40,270.72 basis points it began the year with. NSE Industrial Goods, Banking, Lotus II, NSE 30 and Consumer Goods indices closing in negative territory with a loss of 8.09 per cent, 6.92 per cent, 5.53 per cent, 3.78 per cent and 0.31 per cent, respectively. On the other hand, NSE Pension, Insurance and Premium indices recorded a year-to-date gain of 5.18 per cent, 5.15 per cent and 1.38 per cent as of June 25, 2021. On the other hand, foreign investors continued to exhibit apathy towards the local bourse due to lingering liquidity constraints in the FX market and protracted delays in implementing structural reforms. Accordingly, foreign investors have remained net sellers of Nigerian equities, as the total outflows of N107.22 billion for January to May 2021 outstripped inflows of N91.32 billion during the same period.

Source: Nigerian Tribune July 04, 2021 21:33 UTC