The upward trend was fueled by strong demand in consumer, energy and industrial stocks.
The market’s year-to-date return improved to 40.25 per cent.
Mr Sodeinde noted that multiple excavators and tipper trucks were operating simultaneously, encroaching on established boundaries.
Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG), said it has now sold its stake to China’s Huaxin Cement for $1 billion
Specifically, the Nigerian Exchange Ltd (NGX) market capitalisation opened at N56.738 trillion and closed at N56.604 trillion.
The market capitalisation gained N1.82 trillion or 93 per cent to close at N48.139 trillion, as against N46.316 trillion posted on Monday.
“NGX indices are developed to allow investors to efficiently track market movements and properly manage investment portfolios.”
The bullish note was as a result of bargain buying on MTN Nigeria and other 16 stocks.
The Nigerian Exchange Ltd. (NGX) recorded a marginal gain of N6 billion on Thursday due to sustained bargain-hunting.
The upturn was impacted by gains in stocks such as MTN Nigeria, Zenith Bsnk, WAPCO, among others.
