Stock Market Appreciates By N43bn

Transactions on the floor of the Nigerian stock market yesterday sustained bullish rally as investors continued to take position in the blue chip companies.

?Consequently, the market capitalisation of equities appreciated by N43 billion as market sentiments remained positive. 103 equities were traded as against previous 104 with more activities recorded in Financial Services, Consumer Goods, Conglomerate, Industrial Goods, Services, Agriculture, Oil? and? Gas and Healthcare sectors.

At the close of trading, two out of the five NSE sectoral indices closed positive as NSE 30 which basically measures the performance of blue chips climbed further by 0.24 per cent, NSE Food topped the league with 0.25 per cent gain, while NSE Oil and Gas reverse to downtrend by 0.36 per cent.? NSE banking recorded the highest loss by 2.47 per cent as NSE Insurance sustained downtrend by 0.9 per cent loss.

At the close of trading session, the NSE All-Share Index inched up by 0.65per cent to close at 21,227.90 as against an upbeat by 0.67 per cent recorded in the previous session to close at 21,091.36.

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