The stock market surged further yesterday with the Nigerian Stock Exchange rising 1.21 per cent to close at 41,584.94 as companies begin to release their unaudited financial results for the year ended December 2020.
The bulls were in total control of the session yesterday as 32 stocks appreciated, while 19 depreciated. Although gains by Airtel Africa Plc, MTN Nigeria Plc and Lafarge Africa Plc influenced the rise in the NSE ASI, RT Briscoe Nigeria Plc led the price gainers’ table with 10 per cent. Royal Exchange Plc, Consolidated Hallmark Insurance Plc, Prestige Assurance Plc and Airtel Africa Plc chalked up 8.3 per cent, 8.1 per cent, 8.0 per cent and 7.6 per cent in that order.
Meanwhile, the most traded stocks by volume were Transcorp Plc , AXA Mansard Insurance Plc and Sovereign Trust Insurance Plc while Airtel Africa Plc , Zenith Bank Plc and Dangote Cement Plc topped by value.