After negative start to a new month, the stock market of Africa’s largest economy routed north on Wednesday as investors rebalance portfolio for second half (H2).
Stocks like Ellah Lakes, International Energy, Cutix and other major advancers drove the market higher at the close of trading on Wednesday.
Ellah Lakes rallied most on the Bourse, from N8.40 to N9.24, adding 84kobo or 10 percent. Also, Cutix rose from N3.60 to N3.96, rising from 36kobo or 10 percent. International Energy Insurance increased from N1.80 to N1.98, adding 18kobo or 10 percent. The market’s return year-to-date (YtD) increased to +16.92 percent.