The gain was driven by renewed buying interest in large and mid-cap stocks.
The gain was driven by strong buying interest across key sectors.
The performance, however, trailed the exceptional rally recorded in April when investors gained N26.185 trillion.
The revised framework raised equity allocations across RSA funds and boosted institutional participation.
“Airtel Africa will also explore rural coverage expansion through cellular backhauling,” the firm stated.
Meanwhile, 37 equities depreciated in price, higher than 36 in the previous week.
According to Olusegun Ogunsanya, the CEO of Airtel Africa, propelling the telco’s growth remains crucial to its performance.
NGX CEO said this in an interview on Thursday in Lagos.
“Airtel Africa Plc today announced the retirement of the Chief Executive Officer, Olusegun Segun Ogunsanya, with effect from July 1, 2024.”
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Flour Mills of Nigeria, Unilever Nigeria.
