Nigerian stocks rally again as investors gain N1.66tn, market cap crosses N136tn

The Nigerian equities marketplace sustained its bullish momentum connected Thursday, delivering a caller monolithic gains of N1.663 trillion to investors arsenic marketplace capitalization surged beyond the N136 trillion mark.

At the adjacent of trading, full marketplace worth roseate by 1.23 percent to N136.435 trillion, up from N134.772 trillion recorded astatine the commencement of the session.

In the aforesaid vein, the All-Share Index (ASI) precocious by 2,583.61 points, representing a 1.23 percent increase, to settee astatine 211,901.02, compared to 209,317.41 successful the erstwhile trading day.

The market’s Year-To-Date (YTD) instrumentality strengthened further to 36.17 percent, portion sentiment remained affirmative arsenic 45 stocks posted gains against 20 decliners.

Leading the gainers’ array were Trans-Nationwide Express and Guinea Insurance, some appreciating by 10 per cent to adjacent astatine N5.50 and N1.21 per share, respectively. Aradel roseate by 9.99 percent to N1,547.50; Ecobank Transnational gained 9.97 percent to adjacent astatine N61.20, portion Daar Communications climbed 9.93 percent to N1.66 per share.

On the losers’ side, Ikeja Hotel topped the illustration with a 9.73 per cent diminution to N33.40. WAPIC followed with an 8.77 per cent driblet to N2.60, portion CAP shed 8.61 per cent to adjacent astatine N95 per share. International Energy Insurance and McNichols besides recorded losses...