Best performing Nigerian stocks for the week ended August 14
Nigeria's equities market came off its bloodiest week since the brutal June correction, shedding N3.8 trillion in market value in just four days, wiping out impressive gains recorded on Monday, August 10 when market value touched N160.42 trillion with All Share Index at 248.529.75 points. The post Best performing Nigerian stocks for the week ended August 14 appeared first on Nairametrics .
The Nigerian equities market experienced a sharp correction during the week ended August 14, with the All Share Index falling 1.20% to 242,619.20 points. Trans-Nationwide Express emerged as the standout performer, surging 32.09% to close at N2.84, while International Energy Insurance also saw a significant gain of 31.68% to reach N5.32.
The broader market, however, was largely driven by profit-taking, with negative performance largely attributed to stocks such as MTNN, BUAFOODS, and ZENITHBANK. Despite the correction, most indices remained strongly positive on a year-to-date basis, with Oil & Gas and Industrial Goods leading the gains.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
