Nigerian stock market extends rally as investors record significant N3.36tn gain

The Nigerian banal marketplace maintained its bullish momentum connected Thursday, arsenic investors recorded a important N3.36 trillion summation successful portfolio worth up of the May 1 Workers’ Day holiday.

Market information showed that full capitalization surged from an opening worth of N152.728 trillion to adjacent astatine N155.994 trillion, reflecting renewed capitalist confidence. Similarly, the All-Share Index climbed from 237,205.59 astatine the commencement of trading to settee astatine 242,277.81.

The league closed with affirmative marketplace breadth, arsenic 46 stocks posted gains compared to 40 decliners.

Leading the gainers’ illustration were blue-chip stocks specified arsenic CAP, FTN Cocoa, UACN, Unilever, and Seplat, each of which recorded the maximum regular summation of 10.00 percent.

Conversely, Alex topped the losers’ array aft its shares dropped by 9.95 percent to adjacent astatine N9.50. Royal Exchange and Legend Identity besides recorded declines of 9.93 per cent and 9.32 per cent, respectively.

DAILY POST reports that the Nigerian Exchange has present sustained a beardown upward inclination implicit the past 2 sessions, reversing the bearish commencement recorded earlier successful the week.

Nigerian banal marketplace extends rally arsenic investors grounds signific...