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Stock market sustains bullish trend with N324bn gain

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The local bourse on Wednesday sustained a positive trajectory as investors continued to leverage undervalued stocks to increase capital gains.

The key market performance measures, the NSE All Share Index and market capitalisation, rose by 1.90 per cent as market sentiment extended gaining streaks, following investors’ sustained optimism on Nigerian stocks.

Consequently, the All-Share Index rose by 621.26 basis points or 1.90 per cent to close at 33.268.36 index points as against 32.647.10 recorded the previous day. The volume in the sub-sector was driven by activities in the shares of Zenith Bank Plc and Access Bank Plc. Further analyses of the day’s trading showed that Fidson Healthcare Plc, Guinness Nigeria Plc, Niemeth Pharmaceuticals Plc and Sterling Bank Plc topped the gainers’ table with 10 per cent each to close at N4.95, N20.90, N2.42 and N2.20 per share, respectively.

 

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