Much as there is great expectation of more corporate reports, investors are paying attention to the ongoing meeting of the central bank's monetary policy committee.
Nigerian stocks rose 0.47 per cent on Monday, further stretching a string of gains that commenced last Thursday, but with profit-taking in the shares of
The uptrend derived support principally from a jump in the valuation of UACN,
Much as there is great expectation of more corporate reports, investors will be paying attention to the ongoing meeting of the central bank's monetary policy committee due on Tuesday.
The panel will likely avoid taking extreme positions of cutting rate or raising it and go the way of retention to allow
A rate cut often frees up investors cash into the stock market, aiding rise in share price, while an upward review usually depresses share value.
A positive market breadth was reported as there were 29 gainers against 16 losers.
The all-share index expanded 181.18 basis points to 38,849.08, and market capitalisation to N20.241 trillion.
Year to date, the index is down by 3.53 per cent.
TOP FIVE GAINERS
TOP FIVE LOSERS
TOP FIVE TRADES
GTCO traded 12.761 million shares estimated at N378.319 million in 261 transactions. Wema traded 11.265 million shares valued at N9.806 million in 62 deals.
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