Market gains N12bn, indices up 0.04%

The market capitalization of the Nigerian stock market increased by N12 billion on Thursday as a result of purchasing activity in some medium-capitalized stocks. The All Share Index (ASI), which closed on Wednesday at N55,801.14, increased by 21 points, or 0.04 percent, to conclude at N55,822.14. Investors specifically won N12 billion, or 0.04 percent, as market cap increased to N30.409 trillion from N30.397 trillion on Wednesday. Gains in firms like Transcorp, Nigerian Breweries, and Royal Exchange, among others, had an impact on the upturn.