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Nigerian Stock Exchange (NSE) reversed two days losses to close upbeat, yesterday, as investors renewed interest in insurance stocks.
At the close of trading, market capitalisation appreciated by N50 billion to close at N21.525 trillion. The All-Share Index (ASI) also grew by 96.09 absolute points, representing an increase of 0.23 per cent to close at 41,147.72 points. x
The market gain was driven by price appreciation in large and medium capitalised stocks such as Lafarge Africa, Ardova Plc, BOC Gases, Northern Nigeria Flour Mills (NNFM), and Flour Mills of Nigeria.
Analysts at Afrinvest Limited said: “We expect the equities market to sustain this bullish performance given the positive investor sentiment.”