Sunday, May 16, 2021

Stock investors make significant gains in April

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Investors in the Nigerian stock market gained N420bn in April as listed companies began releasing their reports for the first quarter of the year.

Data from the Nigerian Stock Exchange Limited showed the market capitalisation of equities rose to N20.85tn as of April 30 from N20.43tn at the end of March.

The All-Share Index of the Nigerian Stock Exchange increased to 39,834.42 basis points on April 30 from 39,045.13bps on March 31.

The NSE ASI and market capitalisation appreciated by 1.36 per cent last week to 39,834.42 and N20.85tn respectively.