After a terrible trading day loss, investors on the stock market recovered with gains worth ₦313.39 billion.
The recovery was made possible through appreciation of MTN Nigeria, BUA Cement, and Zenith Bank share price.
The domestic stock market of the Nigerian Exchange Limited (NGX) contributed to the quick recovery of the market.
Following investors’ demand for MTN Nigeria, BUA Cement, and Zenith Bank stock, the market capitalisation rose by ₦313.39 billion.
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The market capitalisation appreciated to ₦45.21 trillion yesterday, as investors gained ₦313.39 billion from the stock market.
Also the NGX All-Share Index was impacted gaining a 0.7% or 572.70basis points to close at 82,597.08 basis points from 82,024.38 basis points.
Thus, NGX All-Share Index Year-to-Date return to 10.5%.
Sectoral performance was broadly positive as the NGX Banking Index gained 2.7% and NGX Insurance Index appreciated by 0.5%.
The NGX Consumer Goods Index increased by 0.4%, while NGX Oil & Gas and NGX Industrial Goods added 0.4%, and 0.2% respectively.
Guinea Insurance and Royal Exchange emerged the highest price gainer of 9.66% to close at ₦1.59, per share.
SCOA Nigeria followed with a gain of 10% each to close at 44 kobo and 99 kobo respectively.
Julius Berger advanced by 9.92% to close at ₦56.50, per share.
Cadbury Nigeria rose by 9.77% to close at ₦21.90, while The Initiates Plc (TIP) appreciated by 9.74% to close at ₦1.69, per share.
Abbey Mortgage Bank and Ikeja Hotel led the losers’ chart with 9.90% each to close at ₦2.73 and ₦7.83 respectively.
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Caverton Offshore Support Group followed with a decline of 9.66% to close at ₦1.87 30 kobo, per share.
DAAR Communications lost 9.38% to close at 87 kobo, while NPF Microfinance Bank depreciated by 7.91% to close at ₦1.98, per share.
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