Guinness

Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Nigerian Stocks: Gain ₦331 Billion As Nestlé, Guinness Rally

Blue-chip buying lifts the market for a fourth day as Nestlé and Guinness surge, offsetting losses in Stanbic and other financial stocks.

Nigeria’s stock market extended its winning streak on Thursday, adding about ₦331 billion in value as strong buying interest in consumer and industrial stocks outweighed declines in banking and insurance names.

Market capitalization rose by 0.35 percent to ₦95.856 trillion, up from ₦95.525 trillion at the previous session’s close, according to data from the Nigerian Exchange. The benchmark All-Share Index climbed by 520.23 points, also a gain of 0.35 percent, to settle at 150,363.05, marking the fourth straight …