Nigeria’s equities market increased by 0.03 percent or N20 billion on Tuesday as hitherto cautious investors took buy decisions following the outcome of the 300th meeting of the Monetary Policy Committee (MPC), which held from May 19 to 20.
Investors who bought the shares of Nestle Nigeria Plc and other major gainers helped to reroute the market by 0.03 percent.
Nestle’s share price rose from N1331 to N1464.10, adding N133.10 or 10 percent, while Aradel Holdings led the league of other major decliners that pressured the market at the beginning of Tuesday’s trading. Aradel’s share price decreased from N503 to N460, losing N43 or 8.55 percent.