- Market capitalisation boomed by N330 billion on the Nigerian Exchange Limited (NGX) driven by blue-chip firms, especially in Total and Cutix.
- Total Nigeria gained the highest price value of 10 per cent to close at N184.80 kobo followed by Cutix with a gain of 9.77 per cent to close at N4.38 kobo.
Market capitalisation boomed by N330 billion on the Nigerian Exchange Limited (NGX) driven by blue-chip firms, especially in Total and Cutix. Total Nigeria gained the highest price value of 10 per cent to close at N184.80 kobo followed by Cutix with a gain of 9.77 per cent to close at N4.38 kobo. The other market gainers included Oando that appreciated by 9.73 per cent, Dangote Cement that rose by 7.83 per cent, Courteville Business Solutions that gained 4.55 and so on.
The rise in performance was driven by price appreciation in large and medium capitalised stocks which included, Total Nigeria, Cutix, Dangote Cement, Vitafoam Nigeria, and Oando. Investment experts are of the view that the positive market sentiment will continue. It is expected that the market closing will continue to be green as investor’s trade in line with the corporate earnings release.
The major losers included AIICO Insurance by 8.70 per cent, Sovereign Trust Insurance with a decline of 6.45 per cent, and Veritas Kapital Assurance lost four per cent.
