The Nigerian Exchange Limited (NGX) has closed positive week-on-week as ASI appreciated by 1.89% to close at 51,251.06.
NewsBeatng reports that the FUGAZ banks make up over 70% of the NSE Banking sector index, hence, strongly influencing the growth or otherwise of the index.
However, the NGX banking index depreciated by 2.86% from 422.80 last week to close at 417.50 points.
