Nigeria’s equities market recorded its highest daily gain since the beginning of this month as Nestle Nigeria fuelled record N1.04trillion gain on the local bourse.
The market rose by 1.56 percent at the close of trading on Tuesday, consolidating the positive start to the new week. This week, the market has risen by 2.19 percent, this month it is up by 2.42 percent while year-to-date (YtD) return has risen to 5.28 percent.
On Tuesday May 6, record buy momentum in Nestle Nigeria Plc and other largely capitalised stocks like Northern Nigeria Flour Mills (NNFM), Ecobank Transnational Incorporated (ETI) and Beta Glass strengthened the positive trend seen at the Nigerian Exchange Limited (NGX).