Stock Market Gains N61bn As Week Opens Positive

The Nigerian Exchange Limited All-Share Index and its equities Market Capitalisation increased from the preceding day’s 52,465.31 points and N28.568 trillion respectively to 52,579.52 points and N28.629 trillion. The market’s positive return year-to-date increased to 2.59 per cent.

“This week, we expect bullish sentiments to persist in the market as investors continue to take advantage of the impressive first-quarter 2023 earnings season. “However, we note that there may be pockets of profit-taking activities among investors,” said analysts at Lagos-based United Capital Plc. Multiverse led the advancers league after its share price increased from N3.10 to N3.41, up by 31kobo or 10 percent, followed by Red Star which increased from N2.41 to N2.65, up by 24kobo or 9.96per cent.

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