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By Chinyere Joel-Nwokeoma
Lagos, June 29, 2021 Trading on the Nigerian stock market closed on a positive mood on Tuesday with a growth of N29 billion due to renewed confidence.
Speficially, the market capitalisation inched higher by N29 billion or 0.15 per cent to close at N19.621 trillion against N19.592 trillion achieved on Monday.
Also, the All-Share Index increased by 55.50 points or 0.15 per cent to close at 37,640.75 points from 37,585.25 recorded on Monday.
Accordingly, month-to-date and year-to-date losses moderated to 2.1 per cent and 6.5 per cent, respectively.
The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are; Okomu Oil Palm, Cadbury, Dangote Sugar Refinery, Vitafoam and FCMB Group.