Stock market surges as investors gain N316bn

The Nigerian stock market continued its bullish run on Wednesday, with investors gaining approximately N316 billion. The All-Share Index rose by 0.20 per cent to close at 244,791.79 points, while market capitalisation increased by N315.94 billion to N158.71 trillion. Trading activity was mixed, as volume increased by 31.14 per cent to 662.43 million shares and turnover rose 3.20 per cent to N37.45 billion, but the number of deals fell by 11.68 per cent to 63,271. STERLINGNG was the most traded stock by volume, while GTCO led by value.

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