Market Capitalization Gains N613.10 billion on Renewed Investors’ Confidence

The Market capitalization of the Nigerian Stock Market leaped by 6.58 per cent to N613.10billion on Friday, May 27, closing the week at N9.926 trillion respectively.

A turnover of 2.338 billion shares worth N14.789 billion in 24,942 deals was exchanged this week by investors.

This was in contrast to a total of 2.446 billion shares valued at N13.145 billion that exchanged hands last week in 23,680 deals.

The profit made, which represents a 3.83 growth in total stock value, was considered the highest daily profit made in recent times in the equity market.