Specifically, the market capitalisation opened at N54.317 trillion, gained N390 billion or 0.72 per cent, and closed at N54.707 trillion.
The MPC meeting was the first under Olayemi Cardoso, CBN governor since he came on board in September 2023.
“NGX indices are developed to allow investors to efficiently track market movements and properly manage investment portfolios.”
Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note as market capitalisation was down by N90 billion.
Also, the All-Share Index (ASI) gained 283.27 points or 0.55 per cent to settle at 51,729.87 against N51,446.60 recorded Tuesday.
Also, the All-Share Index was up by 353.82 points or 0.7 per cent to close at 51,222.34 compared to 50, 868.52 on Thursday.
Market breadth closed positive with advancing 16 stocks outnumbering 13 declining ones.
The upturn was impacted by gains recorded in stocks such as FBN Holdings, Jaiz Bank, Guinness and NGX Group.
The market reacted negatively to the MPR hike as sell-offs were recorded across board but price appreciation in BUA Cement lifted market performance marginally.
The weak performance was driven by sell-off in shares of GTCO, UBA, Access Holding and FBN Holdings.
