Market cap surpasses N14trn as equities investors gain fresh N110bn

the nigerian stocks, stock, equities

The market capitalisation of the Nigerian equities market rose to N14.039 trillion on Wednesday for the first time since March 2020. The bullish run of the domestic equities market came amidst a sharp drop in fixed income yields following further monetary easing by the Monetary Policy Committee (MPC). The local bourse remained positive after the midweek’s session, as interest in DANGCEM (2.8 per cent), MTNN (1.2 per cent) and GUARANTY (3.7 per cent) stocks notched a 0.8 per cent appreciation in the All-Share Index (ASI) to 26,831.76 basis points. Month-to-Date…

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