Value-wise, ACCESS HOLDINGS led the chart, followed by UBA and FCMB .
In the first six months of this year, investors have gained N5.3tn, propelled by macroeconomic reforms of the new administration. This came despite the rising inflation, global uncertainty and other economic challenges, which negatively impacted the market during the early part of the year.The NGX All Share Index, an indicator which is used to measure the performance of listed firms on NGX, hit a 15-year high for the first time since 2008 and crossed 60,000 index points, to close at 60,968.27 points as against an opening value of 51,251.06 , implying an increase of 8,717.21 or 18.96 per cent.
Prior to this time, the cash crunch; soaring inflation and the uncertainties in the build-up to the 2023 elections dampened the mood of investors as they activated the “cautious mood” to stock trading. But sentiments started improving as the cash crunch eased and impressive corporate results came in.All rights reserved.