By Taiye Olayemi
Driven by renewed interest in banking, telecommunications as well as oil and gas stocks, the Nigerian stock market closed bullish on Friday, ending the week with N3.156 trillion gain for investors.
The market capitalisation closed at N147,102 trillion from an opening of N143.946 trillion, representing a 2.19 per cent gain.
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Similarly, the All-Share Index gained by 2.19 per cent or 4,918.37 points from 224,321.97 to 229,240.34 while the market’s Year-to-Date (YTD) improved to 47.31 per cent.
The market breadth closed positive, recording 39 gainers and 14 losers.
Airtel Africa, The Initiates, Omatek Ventures, Daar Communications and Universal Insurance led the gainers’ chart by 10 per cent each, closing at N5,274, N25.85, N1.76, N1.65 and 88k per share respectively.
Conversely, International Energy Insurance led the losers’ chart by 9.96 per cent, settling at N4.70.
Meyer trailed by 9.95 per cent, ending the session at N18.55 while Fortis
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