Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat Tuesday, as the All-share index rose marginally by 0.3 per cent. Specifically, at the close of transactions Tuesday, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.3 per cent to close at 34,933.86 points.
Similarly, the market capitalisation gained N35 billion to close at N12.753 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, Guaranty Trust Bank, Zenith Bank, FBN Holdings, and Custodian and Allied Insurance.
Analysts at APT Securities and Funds Limited, said: “the NSE-ASI ended the trading session on a positive note to reflect prior prediction. We hope to see more bargain hunting as we go further into the trading week.” Read more