SE market capitalisation gains N239bn on enhanced confidence

The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday, due to crash in money market instruments and improved third quarter earnings. Specifically, the market capitalisation which opened at N15.147 trillion rose by N239 billion or 1.58 per cent to close at N15.386 trillion. Also, the All Share Index increased by 457.31 points or 1.58 per cent to close at 29,437.60 from 28,980.29 posted on Tuesday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nestle,…

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