Stocks Snap Decline As Investors Gain N1.47trn

The Nigerian stock market closed Friday’s session on a bullish note, snapping its decline as renewed buying interest in bellwether stocks lifted the market up by N1.47 trillion.
The NGX All-Share Index rose by 0.92 percent to close at 247,222.27 points. Consequently, market capitalisation gained N1.47 trillion to close at N160.52 trillion, strengthening its year-to-date return to 58.87 percent.
Despite the positive close, market sentiment remained bearish, with 25 decliners outnumbering 23 advancers. Dangote Cement and First Holdco led the gainers chart by 10.00 per cent each to close at N1,111.00 and N144.10 respectively, while Guinea Insurance followed with a gain of 9.41 percent to...