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Nigeria’s stock market soars above 66k points — highest level ever

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Nigerian stocks gained on Tuesday as the all share index (ASI), which measures the overall performance of equities, hits its highest level ever.

The ASI of the Nigerian Exchange Limited rose by 0.51 percent to 66,490.34 basis points from 66,151.38 recorded the previous day.

Additionally, the market capitalisation saw a remarkable increase, closing at N39.69 trillion from N36.21 trillion on Monday.As measured by market breadth, market sentiment was positive, as 34 tickers gained relative to 32 losers. The sectoral performance at the local bourse on Tuesday was upbeat as three of the five indices tracked closed in positive territory: the NGX Banking, NGX Consumer Goods, and NGX Industrial indices climbed by 1.63 percent, 0.99 percent, and 0.21 percent, respectively.On the flip side, the NGX Insurance and NGX Industrial indexes moderated by 1.56 percent and 0.09 percent, respectively.

 

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BREAKING: Nigeria’s stock market soars above 66k points — highest level everNigerian stocks gained on Tuesday as the all share index (ASI), which measures the overall performance of equities, hits its highest level ever.
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