Nigerian Equities rallied to a 5.2% gain on Tuesday as investors reacted positively to the inauguration speech of President Bola Ahmed Tinubu.
In what Akelicious analysts termed a “TinuBULL”, stocks rallied from the opening sessions, posting one of the best one day returns ever.
All the indices posted positive gains with NGX30, NGX Banking, and NGX Industrial all posting 5.58%, 8.2% and 6%, respectively.
That total number of deals recorded was 9,916,up 56.38%, suggesting that investors were in a bullish mode. Total volumes traded was also up 133.5%, even as market turnover rose up 10%.
The market capitalization of the All Share Index also crossed the N30 trillion mark to N30.35 trillion.