Nigerian stocks extended gains for the fifth session on Monday, led by banks to push the main index past a psychological threshold of 80,000 points for the first time ever, according to LSEG data.
The All Share Index closed 0.83% up at a record 80,328.58 points.
“Stocks have leapt 6.5% in early 2024 trading, extending last year’s gains of 45.90%, as local funds pile back into equities,” said a Reuters report.
The index of Nigeria’s top 10 banks climbed 2.23% on the day to lead the charge on the bourse.
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