28 December 2012

Nigeria: Stock Value Up By N125 Billion

Transaction on the Nigerian Stock Exchange (NSE),yesterday resulted in the twin market indicators, the market capitalisation and the All-Share Index rising by 1.4 per cent as investors defied the yuletide festivities to take position.

Specifically, the market capitalisation grew by N125 billion while the All-Share Index went up by 391.03 basis points to close trading at N8.862 trillion and 27,737.69.

Investment experts have attributed the positive trajectory in share transaction to gradual return of confidence, as majority of investors engaged in buying in rather than taking position.

Further review of the market showed sentiment turning green for 23 stocks as against 12 other lagers. Fidson Healthcare led the gainers with eight per cent to close at N1.08 while Okomu Oil followed with a gain of five per cent to close at N39.90.

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