The value of Nigeria’s listed equities rose by about N2.5billion in the month of February despite mixed trading sessions of bargain hunting and profit taking activities.
The market rose by 3.18 percent in February, thanks to investors in industrial, consumer goods, and insurance stocks despite record decline in oil & gas, and banking stocks.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation which started the review month at 104,496.12 points and N64.708trillion respectively rose to 107,821.39 points and N67.193trillion at the close of trading on February 28.