Bulls Extend Run, Equities Capitalisation Gains N622bn

Bullish sentiments continued to dominate the local stock market on Thursday as gains in 28 stocks lifted the overall capitalization by N622 billion.
 
As a result, the All-Share Index rose by 958.99 per cent, representing a gain of 0.38 per cent, to close at 252,150.01 points. Similarly, the overall market capitalisation value gained N622 billion to close at N163.679 trillion.
 
The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Seplat Energy, Nigerian Aviation Handling Company (NAHCO), NASCON Allied Industries, Fidson Healthcare and The Initiates Plc (TIP).
 
Looking ahead, Cowry Assets Management Limited said, “...