Stock market extends weekly gain by N636bn

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INVESTORS gained N636bn at the end of trading on the floor of the Nigerian Exchange Limited last week.

The NGX All-Share Index and market capitalisation of equities listed on the NGX appreciated by 2.43 per cent to close at 49,638.94 and N26.761tn last week.

According to the NGX, 56 equities appreciated in price during the week, higher than 50 equities in the previous week. The NGX weekly market report showed that a total turnover of 8.205 billion shares worth N49.145bn in 28,622 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.302 billion shares valued at N17.813bon that exchanged hands last week in 20,212 deals.

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