Stock market gets a boost by N94bn

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat with a N94 billion growth.
Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday.
Also, the All-Share Index rose by 180.89 or 0.47 per cent to close at 38,437.88 against 38,256.99 achieved on Friday.
Accordingly, the month-to-date and year-to-date losses moderated to 3.5 per cent and 4.6 per cent, respectively.
The gain was driven by price appreciation in large and medium capitalised stocks amongst which are; BUA Cement, MTN Nigeria Communications, MRS Oil, Vitafoam and Julius Berger.
However, the market recorded 23 laggards in contrast with 18 gainers.
MRS Oil dominated the gainers’ chart in percentage terms with 9.57 per cent to close at N12.60 per share……………TO CONTINUE CLICK ON

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