The Nigerian Exchange closed on a positive note on Wednesday, as buying interest in insurance and oil and gas stocks drove a broad-based rally, resulting in a market capitalisation gain of N1.18tn, the largest single-day rise recorded so far this week.
At the close of trading, the All-Share Index surged by 2,246.00 points, representing a 1.95 per cent increase to close at 117,156.16 basis points, while the market capitalisation rose from N72.5tn to N73.7tn.
The bullish momentum was largely fuelled by gains in heavyweight with the insurance and oil and gas sectors posting strong index performances.
EQUITY MARKET GAINS N1.18TN ON OIL, INSURANCE BOOST
