Nigerian stocks regained steam on Wednesday after witnessing depreciation for three days in a trot as the benchmark index climbed 0.21 per cent and equities in the financial services equities became irresistible for investors seeking sectors to plough in smart money.
The stimulus for the comeback was provided by gains in the shares Access Bank, Flour Mills, NGX Group and Union Bank. Analysts at brokerage and investment bank United Capital “expect the market to maintain its bullish momentum as investors take positions ahead of the dividend season amidst pockets of profit-taking” this week.The all-share index increased 99.99 points to 47,157.23 points, while market capitalisation closed higher at N25.4 trillion.RT Briscoe traded up by 10 per cent to close at N0.33. SCOA went up 9.49 per cent to N1.50. SCOA rose to N0.39, notching up 8.33 per cent in the process. NEM added 7.
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