Feyisayo PopoolaInvestors in the nation’s stock market gained N228.1bn on Thursday as the market capitalisation of equities listed on the Nigerian Stock Exchange rose to N11.722tn. The market appears to be shaking off the tensions that came on the heels of the forthcoming elections in the country. Analysts had earlier attributed the sell-offs experienced in stocks last year to political uncertainties and predicted that the political tensions would further drain equities market performance. They said the ASI recorded an improvement on the back of gains in Guaranty Trust Bank Plc, Zenith Bank Plc and Dangote Cement Plc. The banking index was the highest gainer, recording a 5.8 per cent increase on the back of gains in bellwethers.

Source: Punch February 08, 2019 02:03 UTC