Nigeria stocks gain N247bn as investors take advantage of lower prices

Nigeria’s stocks market has strengthened its journey northward as investors continued on Tuesday, October 5 to take advantage of the lower entry points across the board.

Tuesday’s remote trading session closed with year-to-date (YtD) positive return of + 1.11percent.

The market’s twin performance indicators – the Nigerian Exchange Limited (NGX) All Share Index (ASI) and market capitalisation increased further by 1.18percent and N247billion respectively from 40,243.05 points and N20.969trillion recorded the preceding trading day to 40,716.66 points and N21.216trillion.

The record positive close on the Bourse followed increased buy activities in favour of stocks like FBN Holdings, Pharma-Deko, Courteville Business Solutions, Learn Africa, and Jaiz Bank.