The local equities market, yesterday, closed higher by N14 billion as investors continued their bargain-hunting activities in the market.
The All Share Index (ASI) gained by 25.89 points, representing a growth of 0.05 per cent to close at 52,605.41 points. Also, market capitalisation gained N14 billion to close at N28.644 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Conoil, Ecobank Transnational Incorporated (ETI), Chemical & Allied Products (CAP), Champion Breweries and United Capital.
As measured by market breadth, market sentiment was positive as 32 stocks gained relative to 19 losers. Conoil recorded the highest price gain of 10 per cent to close at N48.40, per share. Multiverse Mining and Exploration followed with a gain of 9.97 per cent to close at N3.75, while John Holt rose by 9.77 per cent to close at N1.91, per share.
