The domestic stock market yesterday return back to a positive position by N3 billion gain as the market traded 1.820 billion shares.
The All Share Index (ASI) rose by 11.54 absolute points, representing a gain of 0.02 percent to close at 51,138.92 points. Accordingly, investors gained N3 billion in value as market capitalization went up to N27.853 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; Nigerian Aviation Handling Company (NAHCO), Nigerian Breweries, Africa Prudential, Eterna, and Flour Mills of Nigeria.
On market outlook, GTI Securities Limited said “The Nigerian equity market gained marginally yesterday. However, Investors are cautious as the market remains uncertain and striving toward recovery. Companies Q1, 2023 performances could be a driver for a positive shift.”
