BREAKING: NGX All-Share Index crosses 70,000 points for the first time

NGX All-Share Index crossed 70,000 points for the first time.

 

Newsonline Nigeria reports that the Nigerian stock market has crossed the unprecedented level of 70,000 basis points as it is poised to close today in the green territory.

 

ALSO: Ohanaeze tables five fresh demands to President Tinubu (FULL LIST)

 

The market positive sentiment among investors is being attributed to several factors, including favourable policies introduced by President Bola Tinubu’s new administration such as the removal of fuel subsidies, streamlining of exchange rates, the floating of the naira and investors strategically positioned themselves and taking advantage of the recent record earnings posted by quoted firms.

 

 

Details later…