NGX hits historic ASI 201,000 mark as investors gain N1.97tn

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Investors connected the Nigerian Exchange recorded a monolithic N1.97 trillion summation connected Monday arsenic the All-Share Index (ASI) crossed the 201,000-point threshold for the archetypal clip successful history.

The benchmark scale roseate by 1.55 percent to adjacent astatine 201,474.89 points, compared to 198,407.30 points successful the erstwhile trading session.

In tandem, marketplace capitalization accrued to N129.329 trillion from N127.360 trillion, translating to a summation of astir N1.97 trillion for investors’ portfolios.

Market sentiment remained upbeat, with 38 stocks advancing against 30 decliners astatine the adjacent of trading.

The bullish momentum was driven by beardown capitalist request and wide gains crossed cardinal sectors. As a result, the market’s month-to-date (MTD) instrumentality climbed to 4.48 percent, portion the year-to-date (YTD) instrumentality improved to 29.47 percent.

On the gainers’ chart, BUA Cement led with a 10 percent summation to adjacent astatine N297 per share. It was followed by Premier Paints, John Holt, Guinea Insurance, and Fortis Global Insurance.

Conversely, VFD Group topped the losers’ illustration with a 10 percent diminution to N11.25, alongside Royal Exchange...