Buoyed by investors Confidence, Market Capitalisation Crosses to N159trn

Kayode Tokede

The Nigerian stock market continued its positive run, with stocks repricing across major sectors as investor confidence drove market capitalisation above the N159 trillion mark.

The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 475.60 basis points or 0.19 per cent to close at 246,659.56 basis points from 246,183.96 basis points it opened for trading with the Month-to-Date and Year-to-Date returns edged higher to +7.5per cent and +58.5per cent, respectively.

The market capitalisation rose by N307 billion to close at N159.119 trillion from N158.812 trillion it closed the previous day.