Nigeria's local bourse finished stronger again on Thursday as its main market index climbed 2.93 percent on the back of gains by top banking, cement, and breweries stocks.
The index closed at 43.042 points, lifted by a rally in FBN Holdings stocks, United Bank for Africa (UBA), Zenith Bank, Nigerian Breweries and Dangote Cement.
Equally, the market capitalization also appreciated by 2.93 percent to close at 15.32 trillion, compared with the appreciation of 3.60 percent recorded the previous day when it closed at 14.88 trillion
Stockbrokers, however, predicted that there is a possibility of profit taking in the market in the next few trading session.
They said the market rally on Thursday defiled expectations as all sectoral indices closed on positive note.
Share in Transcorp emerged the most traded with a total of 208.77 million, followed by Diamond Bank, which netted 149.70 million and Zenith Bank with 129.43 million worth of shares traded.
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