Nigerian stocks found resilience on Thursday as the benchmark index strengthened by 0.07 per cent the same day the statistics office issued the gross domestic product figures of Africa’s largest economy for the three months to June.
The report showed an impressive growth at 5.01 per cent and boosted optimism that the economy could attain its pre-pandemic level earlier than forecasted.
Eterna, UPDC and Honeywell led the charge, with the insurance index providing support at sector level, rising 2.33 per cent.
Market breadth, which measures investor sentiment, was positive as 27 gainers emerged compared to 12 losers, the rest 65 participating stocks did not budge.
The all-share index lifted 27.36 points to 39,477.18. Similarly, market capitalisation climbed to N20.6 trillion.
Year to date, the index is down by 1.97 per cent.Follow us on social media