Market watchers attributed the development to renewed confidence as bargain hunters continued to leverage on undervalued stocks.
The All-Share Index rose by 267.93 basis points or 0.76 per cent to close at 35,493.15 index points as against 35,225.22 recorded the previous day. Volume in the sub-sector was driven by activities in the shares of Jaiz Bank Plc and Fidelity Bank Plc. Further analysis of the day’s trading showed that AXA-Mansard Assurance Plc led the gainers’ table with 10 per cent to close at 77 kobo per share while May and Baker Plc followed with 9.60 per cent to close at N3.89 per share and NCR Plc with a gain of 9.60 per cent to close at N2.17 per share.
Are we now on the Trumpian economic path wherein as the masses are impoverished, the stock owning elites get stupendously rich?