Following positive sentiment by investors in Oil stocks, trading activities on the floor of the Nigerian Stock Exchange (NSE), yesterday sustained its bull run as market capitalization rose by N117 billion to close at N14.188 trillion.
Owing to significant interests in the shares of Seplat and Mobil, the Oil & Gas (+4.89 per cent) index posted the largest gain among sectoral indices. The Insurance (+0.88 per cent), Industrial Goods (+0.49 per cent), and Consumer Goods (+0.38 per cent) indices followed suit while the Banking (-0.04 per cent) index closed in the red.
Specifically, the All-Share Index (ASI) gained 322.72 points or 0.83 per cent to close at 39,167.04 points even as the Month-to-Date and Year-to-Date gains improved to 2.79 and 2.42 per cent, respectively. Read more