Blue-chips buoy market fortunes as index rises 0.30 per cent

Yesterday, the ASI appreciated by 71.43 absolute points, or 0.30 per cent to close at 24,097.48 points. Similarly, the market capitalisation gained N38 billion to close at N12.571 trillion.

Analysts at Afrinvest Limited said: “Given the low prices, we expect bargain-hunting to continue in the near term.” PZ Cussons Nigeria rose five per cent to close at N4.20, while Mutual Benefits Assurance edged up 4.76 per cent to close at 22 kobo, per share. AXA Mansard Insurance lost 9.66 per cent to close at N1.59, while Custodian Investment shed 9.09 per cent to close at N5.00, per share.

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