Investors gain N99bn at Nigerian stock market

Details of the trading on Wednesday at Nigerian Exchange Limited showed that market capitalisation rose by 0.06 per cent, increasing from N156.943 trillion to N157.042 trillion.
Similarly, the All-Share Index (ASI) gained 154.59 points, or 0.06 per cent, to close at 244,852.21, compared with 244,697.62 recorded in the previous session.
The sustained rally further strengthened the market’s year-to-date (YTD) return to 57.35 per cent.
Despite the stocks’ bullish run on Wednesday, market breadth remained negative, with 37 stocks recording losses against 30 gainers, indicating a broader sell-off across the market.
On the gainers chart, Livestock Feeds led by 10 per cent, settling at N...