Following gains recorded by Okomuoil Plc and BUA Foods, the Nigeria equities market reversed losses to resume in an upbeat form yesterday as market capitalisation increased by N40 billion.
At the close of transactions yesterday, the All-Share Index of the Nigerian Exchange Limited (NGX) appreciated by 63.83 basis points to 96037.28 points from 95973.45 points it closed on Friday, while market capitalisation of listed equities increased by 0.07 per cent to N55.165 trillion from N55.129 trillion.
The positive performance of the market was primarily driven by gain recorded in the shares of BUA Foods, Dangote Sugar, FBNHoldings Eterna Plc, Oando Plc, Okomuoil , RTBriscoe and 21 others.
Consequently, year to date return went up to 28.44 per cent as NGX printed 28 gainers against 18 losers.
On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage, said: “We…
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