Nigerian stocks post second gain in two weeks

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The All Share Index closed at 40,571.67 index points while market capitalisation rose N68.961 billion to N21.225 trillion.

The Nigerian bourse bounced back on Monday, recording its second positive trading session for February as stocks rose 0.33 per cent on the back of gains by Seplat, Japaul Gold, Mutual Benefits, AIICO and Multiverse.The Oil and Gas Index came top of the five sectorial indices assessed, going up by 5.35 per cent to 264.74 index points.

The All Share Index closed at 40,571.67 index points while market capitalisation rose N68.961 billion to N21.225 trillion.Seplat topped the gainers’ table, growing by 10% to close at N544.50. Japaul Gold gained 9.86% to close at N0.78. Mutual Benefits rose by 9.52% to N0.46. AIICO leapt to N1.18, notching up 9.26% in the process. Multiverse completed the top 5, climbing up by 9.09% to N0.24.Conoil led laggards, declining by 10% to close at N18.90.

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