Investors Interest in Tier-1 Banks Lift Stock Market by N119bn – THISDAYLIVE

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Investors Interest in Tier-1 Banks Lift Stock Market by N119bn Kayode Tokede Investors renewed interest in some listed Tier-1 banks and BUA Cement Plc increased the Nigerian Stock Exchange (NGX) market capitalisa

Investors renewed interest in some listed Tier-1 banks and BUA Cement Plc increased the Nigerian Stock Exchange market capitalisation by N119billion to close at N25.91trillion in four days of active trading last week.

Accordingly, the All-Share index advanced 0.5per cent in its week-on-week performance to close at 47,569.04 basis points from 47,351.43 basis points it opened for trading. Activity levels were mixed, as trading volume declined by 16.2per cent w/w while value traded increased by 34.9per cent w/w.

 

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