EQUITY TRADING ON THE NIGERIAN EXCHANGE LIMITED (NGX) FINISHED THE MONTH OF MAY IN THE GREEN TERRITORY AS THE NGX ALL-SHARE INDEX APPRECIATED BY 6.42% TO CLOSE AT 55,769.28 INDEX POINTS. NIGERIA’S MAIN SHARES INDEX WHICH HAS BEEN ON THE LOW PROFILE HAD ON TUESDAY 30TH MAY SOARED TO ITS SINGLE BIGGEST DAILY GAIN IN ABOUT TWO YEARS AS INVESTORS CHEERED BOLA AHMED TINUBU’S INAUGURATION SPEECH AS NIGERIA’S 16TH PRESIDENT. THE MAIN SHARES INDEX ROSE 5.2%, REPRESENTING ABOUT 81% OF THE MONTH’S TOTAL GAIN AS FINANCIAL MARKETS IN AFRICA’S BIGGEST ECONOMY WELCOMED THE SMOOTH HANDOVER TO A NEW GOVERNMENT AFTER CLOSELY FOUGHT ELECTIONS.
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