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NSEASI Inches Up Further by 0.74% as investors gain N150.76bn

The stock market gained N150.8 billion yesterday as the bulls consolidated their hold on the market. The bulls had regained control of the market on Tuesday after a negative trading on the first day of the week. The positive trend continued yesterday as 25 stocks appreciated in prices compared with six that depreciated. As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion. Traders said investors engaging on bargain hunting after prices dropped significantly in the month of May, noting the performance is in line with the general expectations that the bulls would dominate this week.

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