The Nigerian stock market hits the highest level on record yesterday as heavy transactions in the shares of Airtel Africa and 36 stocks lifted the Nigerian Exchange Limited All-Share Index to 70,581.76 points Specifically, at the reopening of transaction for the month of November, the ASI rose by 1,345.
Also, investors have continued to reposition and increase their portfolio in anticipation of improved earnings and interim dividend by listed firms in the third quarter result. On the other hand, Caverton Offshore Support Group led the losers’ chart by 7.74 per cent to close at N1.43 per cent. Champion Breweries followed with a decline of 6.85 per cent to close at N3.40, while C & I Leasing lost 6.41 per cent to close at N3.36 kobo.
FBNH followed with 94.655 million shares worth N1.841 billion, while Guaranty Trust Holding Company traded 45.752 million shares valued at N1.601 billion. President Tinubu to Indian Investors: Do not Procrastinate as Nigeria Offers the Best Return on Investment; Lauds $14 billion in New Investment Pledges at Nigeria-India Economic Roundtable
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