In reaction to the outcome of the Monetary Policy Committee meeting, the Nigerian Stock Market recorded an impressive session on Tuesday, May 24.
The market capitalization jumped to N9.353 trillion seeing investors scoop a whooping N74 billion gain.
Following the positive sentiment, 25 stocks appreciated while 18 declined. Vitafoam led the gainers’ table by 6.98 per cent, to close at N4.60 per share. Nahco followed with a gain of 4.82 per cent to close at N4.78, while Fidson advanced by 4.76 per cent to close at N2.20 per share.
NPF Microfinance Bank gained by 4.59 per cent to close at N1.14, while DN Meyer went up by 3.80 per cent to close at 82 kobo per share.
On the other hand, Learn Africa led the laggards’ table by 9.41 per cent to close at 77 kobo per share. CAP trailed with a loss of 5 per cent to close at N38, while Cadbury declined by 4.99 per cent to close at N16.38 per share.
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