Stock market gains N144bn on blue-chip firms

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Johnson OkaforEquity trading on the floor of the Nigerian Stock Exchange on Tuesday closed on a positive note with a gain of N132bn as the bulls recaptured trading activities after three days' ...

Equity trading on the floor of the Nigerian Stock Exchange on Tuesday closed on a positive note with a gain of N132bn as the bulls recaptured trading activities after three days’ downturn.

Consequently, the All-Share Index gained 218.78 basis points or 0.64 per cent to close at 34,340.56 as against 34,121.78 recorded the previous day while the market capitalisation of equities appreciated by N114bn or 0.64 per cent to close at N17.94tn from N17.83tn as market sentiment returned on the green zone.

Premium sub-sector was the most active ; with 165.79 million shares exchanged by investors in 2,448 deals.

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