The equities market opened the month of March on a positive note as bellwether stocks lifted the Nigerian Stock Exchange All-Share Index by 0.95 per cent to close higher at 32,129.94, while market capitalisation added N112.9 billion to close at N12.98 trillion yesterday.
In all, 25 stocks appreciated compared with 10 others that depreciated. McNichols Plc led the price gainers’ table with 9.8 per cent, followed by Cutix Plc with 9.7 per cent, while NPF Microfinance Bank Plc garnered 9.7 per cent. Wema Bank Plc and Sovereign Trust Insurance Plc chalked up 9.0 per cent and 8.7 per cent respectively.
It is believed the combination of the two banks provides an exciting prospect for all stakeholders in both businesses and will create a financial institution with the scale, strength and expertise to capitalise on the significant opportunities in Nigeria and sub-Saharan Africa more broadly
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