Nigerian stocks Wednesday halted the two-day loss the week opened, with a cumulative gain of N50.264 billion, easily reversing the 0.07 per cent depreciation the market saw at the preceding trade session.
Industrial goods and oil & gas stocks comprising WAPCO, Ardova, BOC, NNFM and CAP, as well as BOC Gases contributed the most to the rally. The upbeat outcome also drew support from the Insurance Index, the biggest advancer of the five sectoral indices, which rose by 2.52 per cent to 281.49 index points.The All Share Index edged up by 0.23% to close at 41,147.72 index points while market capitalisation jumped to N21.525 trillion.NNFM led gainers, appreciating by 10 per cent to close at N8.80. Mutual Benefits grew by 10 per cent to end today’s trade at N0.55. Deap Capital went up by 10 per cent to N0.22. Royal Exchange rose to N0.