Nigerian stock market bounces back with massive N3.2tn gain

The Nigerian banal marketplace has bounced backmost connected a bullish tally aft a time of downturn arsenic investors added N3.205 trillion to their portfolios.

Market capitalization roseate from N143.969 trillion to N147.174 trillion, representing a 2.23 percent increase.

In the aforesaid vein, the All-Share Index precocious by 4,977.51 points, oregon 2.23 percent, to adjacent astatine 228,579.80 from 223,602.29.

This led the year-to-date instrumentality to 46.89 percent growth.

Meanwhile, the marketplace breadth recorded 42 losers against 39 gainers, closing negatively.

On the gainers table, WAPCO, Industrial and Medical Gases (IMG), and FTN Cocoa Processors topped 10 percent each, closing astatine N324.50, N39.60, and N5.50 per share, respectively.

Similarly, Austinlaz gained by 9.71 percent, finishing astatine N3.73, portion Presco roseate by 9.52 percent, closing astatine N2,300 per share.

On the flip side, UBA led the losers’ illustration by 10 percent, closing astatine N44.55, portion Trans-Nationwide Express followed by 9.99 percent, finishing astatine N6.40.

Similarly, National Salt Company shed 9.18 percent, ending the league astatine N187.90 per share.

Also, Jaiz Bank dipped by 8.98 percent, closing astatine N8.01, and Berger Paints fell by 8.66 percent, settling astatine N68 per share.

Analysis of the marketplace enactment revealed an summation successful the valu...