Nigerian Exchange Limited Sets New Records; Investors gain 1.2tn

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The Nigerian Exchange Limited achieved milestones at the close of trading on Tuesday, witnessing the benchmark All-Share Index rise by 3.93% to an all-time high of 87,971.09 points.

Simultaneously, the market capitalization recorded a parallel increase of 3.93%, closing at N48.139tn, resulting in a remarkable gain of N1.8tn for investors on the local bourse.

Market sentiment remained positive, with 77 stocks gaining against 10 stocks on the losers’ table. Notably, Royal Exchange Plc led the losers’ chart with an 8.16% depreciation, while several stocks, including Dangote Sugar, Nascon Allied Industries, Berger Paints, Flour Mills, Honeywell Flourmills, Lafarge Africa, Nigerian Breweries, Transcorp, Universal Insurance Plc, FTN Cocoa, and Sterling Financial Holdings Company Plc, closed with a 10% appreciation.

These figures indicates the robust performance of the Nigerian Exchange, showcasing investor confidence and positive market dynamics.

Source: PUNCH

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