Stock market records highest gains in 2016

The stock market recorded its highest capitalization of 2016 today ( Tuesday, June 21), settling at N10.105 trillion with All Share Index of 29, 422.71 points as the flexible exchange rate regime enters the second day. Unlike yesterday when the market lost about N163 billion, recording capitalization of N9.881 trillion, it gained over N224 billion today.

The introduction of the flexible exchange rate which saw the Naira plummet from N197 to over N281 yesterday, it affected stocks as the market lost money.

But confidence is returning as the market is enjoying renewed optimism.

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