Daily Market Report -24 Nov 2022

Dear Customer,

Bullish investor sentiment prevailed in the market once again, marking a fifth consecutive positive trading session. The All-Share Index advanced by 0.81% today, taking the YtD return to +9.10%.

MANSARD was the best performing stock today as its price increased by 8.57% to close at NGN1.90 while NESTLE was the bigest loser with a 10.00% drop in price to NGN1,071.00.
Earlier today, the National Bureau of Statistics (NBS) released the GDP report for Q3:2022 which showed a deceleration of Nigeria’s growth rate to 2.25% in the quarter. Similarly, oil production in the period averaged a record low of 1.20mbpd

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