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Stock market extends gain as investors react to unified exchange rate

For the second day in a row, the equity market, yesterday, recorded gains as investors reacted to the recent unified exchange rate policy. The NGX…

For the second day in a row, the equity market, yesterday, recorded gains as investors reacted to the recent unified exchange rate policy.

The NGX All Share Index (ASI) and Market Capitalisation both closed in the positive by 3.13% respectively as investors made N992 billion gain.

In 11,947 deals, investors exchanged 1,296,655,522 shares worth N21bn.

The NGX ASI year-to-date return was at 17.04% while market activities measured by volume traded increased by 9.28%.

Analysts at Parthian Securities Limited noted that they expect the positive sentiment to continue into today’s trading session, as the market reacts to the recent unified exchange rate policy.

 

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