Nigerian Stock Exchange Sees Significant Gains as Blue Chip Stocks Rally
The Nigerian Stock Exchange experienced substantial gains, with blue chip stocks adding N2.5 trillion to market capitalization as the rally continued. Foreign exchange market turnover also surged by 83% to $4.38 billion on FMDQ.
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NGX gains N2tn as market cap hits N159tn
The Nigerian Exchange (NGX) market cap surged to N159tn, gaining N2tn in a bullish week driven by institutional buying in banking stocks. Read more on Punc Read More: https://punchng.com/ngx-gains-n2tn-as-market-cap-hits-n159tn/
By Punch Newspapers
Read full article →Blue chip stocks add N2.5trn to market capitalisation as rally continues
By Peter Egwuatu The Nigerian stock market maintained a bullish run Week-on-Week, WoW, on renewed demand for large-capitalised stocks pushing the benchmark Nigerian Exchange Limited, NGX All-Share Index (ASI) to 247,357.40 points. The positive reading reflected the stronger investor appetite for selected blue-chip and fundamentally strong stocks, with gains concentrated across the banking, consumer goods and […] The post Blue chip stocks add N2.5trn to market capitalisation as rally continu...
By Urowayino Jeremiah
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