Equity market extends gain with N106bn

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Johnson OkaforTrading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter result...

Trading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter results.

The volume in the sub-sector was largely driven by activities in the shares of FBNH Plc and Access Bank Plc. They stated this at the recent Nigeria Stock Exchange 2020 Oil and Gas Webinar themed ‘Perspectives of Operators and Industry Experts Post COVID-19’. This, according to him, covered the following: N250bn intervention facility by the Central Bank of Nigeria for the National Gas Expansion Programme targeted at increasing domestic utilisation of Compressed Natural Gas and Liquified Petroleum Gas.

He was of the opinion that the exchange could provide a platform to access a global pool of capital to aid asset acquisition, business expansion, debt refinancing, and other objectives of government and corporates.

 

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