CMFC, UPDC, 8 others lead stock market’s N5tr sept gain

Critical Minerals Financing Corporation (CMFC) Plc led the gainers on the Nigerian Exchange (NGX) in September, rising 55.96 per cent as investors’ renewed demand for the stock helped drive the market’s N5.37 trillion increase in total market capitalisation during the month.
According to data provided by the Nigerian Exchange (NGX), CMFC recorded the highest average capital gain in September alone, a major bullish performance in a modest market that closed with average overall gain of about 2.87 per cent.
CMFC’s bullish performance came on the heels of the recognition and award of its President & Co-CEO, Dr Israel Ovirih, as one of Nigeria’s 25 topmost chief executives. The award, ear...