Nigerian Stock Market Adds N653bn as Renewed Buying Lifts All-Share Index
The Nigerian equities market rallied on Tuesday, adding N653 billion in market value. The All-Share Index gained 1,017.26 points (0.45%) to close at 229,419.18, raising the year-to-date return to 47.43%. Strong buying in large- and mid-caps drove the rebound. Airtel Africa, Prestige Assurance and Cutix led 17 gainers with double-digit gains, while Custodian Investment, PZ Cussons and RT Briscoe headed 32 losers. Trading dipped as investors exchanged 966.7 million shares worth N39.95 billion, an 8.4% drop in volume. Linkage Assurance topped the volume chart, while Aradel led in value, accounting for 29.02% of turnover.
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