Stock market closes with N45.35bn gain, as rush for UPDC, PZ shares raises market cap

The bulls maintained their grip on the Nigerian stock market on Friday, as demands for stocks like UPDC, PZ and others pushed the market capitalisation up by 0.16 per cent.

Ripples Nigeria gathered from the trading data obtained from Nigerian Exchange Limited (NGX) that the growth added N45.35 billion to the market capitalisation, raising total investment value in the bourse from N26.81 trillion to N26.86 trillion.

This was as a result of the 83.27 basis points gained by the All-Share Index which closed at 49,316.29 ASI, rising from 49,233.02 ASI.