Nigerian stocks climbed 2.04% on Wednesday, extending gains for the second session in 2024 after banks, consumer goods and oil shares gained, LSEG data showed.
Specofically, the feat was achieved today to close at 77,537.57pts, as investors buy interest in UBA (+10.00%), ACCESSCORP (+9.98%) and TRANSCOHOT (+9.99%) drove the market into the green zone.
In the Fixed income space, the Treasury Bills secondary market closed up, with bullish sentiments observed at the mid and long end of the curve, as Average T-Bills yield moderated by 13bps to 6.16%.
Similarly, the FGN Bond market closed bullish as the Average FGN Bond yield fell by 30bps to close at 13.83%.
At the NAFEM window, the Naira weakened by 4.51% to close at NGN1,035.12/USD. Crude oil price (Brent) inched higher by 3.22% to USD78.33pb
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However, the 77,537.57 points all share index was its highest ever. It gained 1.63% on Tuesday, the first trading session of this year, extending 2023 gains of 45.90%.
On Wednesday, banking shares climbed 6.66% while consumer goods firms gained 2.42%. Oil firms rose 1.89%.
The share index crossed a psychological threshold of 70,000 points for the first time in November.
