Monday, May 17African Business News
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Tag: Maxi Fund Investment and Securities

Crash in money market instruments triggers N2.3tr gain

Crash in money market instruments triggers N2.3tr gain

Finance
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation since 2018 on continued inflow of funds following persistent crash in money market instruments. At the close of transactions last month, capitalisation of listed equities, which stood at N15, 931 trillion as at Monday, November 2, 2020 when the market resumed trading for the month of November, increased by N.2. 378 trillion to close at N.18, 309.6 trillion as at November 30, 2020. The All-share index, which measures the performance of quoted companies rose by .4,308.67 points or 12.29 per cent from 30.479.39 to 35, 042.14. Market performance in the month under review pushed the growth of the market to 30 per cent, making the Nigerian equity market o...