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Nigeria's stock market rose 2.15% on strong oil prices and investor confidence, reaching N126.43 trillion in market cap.
Nigeria's stock market rose 2.15% to close at 196,968.15 points, with market capitalization reaching N126.43 trillion, driven by gains in Oil & Gas and Industrial Goods sectors amid rising global crude prices and strong investor confidence.
Fortis Global Insurance surged 58.5%, while trading volume and turnover declined week-on-week.
Despite a negative market breadth, analysts cited improving earnings and institutional interest as key factors supporting the rally.
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El mercado de valores de Nigeria subió un 2,15% debido a los fuertes precios del petróleo y la confianza de los inversores, alcanzando N126,43 billones en capitalización de mercado.