Market appreciates amidst downturn

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The major indicators of the Nigerian Stock Exchange appreciated as the NSE All-Share Index rose by 1.55 per
cent when it increased from 25,673.80 as at December 07, 2016 to 26,071.16 by December 13, 2016. Also
the market capitalisation increased from N8.83 trillion to N8.97 trillion within the same period.
The Managing Director of HighCap Securities, Mr. David Adonri, attributed the upward trend in the market to
the movement in the price of crude oil and that the stock market reacted in the same direction.
He however, urged investors to be optimistic about the trend, “if the price of crude oil continues to increase,
then the market will be getting firmer,” he said.