Equities investors’ gained more than N507 billion on the Nigerian Exchange (NGX) as MTN and Transcorp stock rallied. Due to bargain hunting, the local bourse reversed the previous day loss, lifting up key performance indicators by 80 basis points.

The naira plunged against the US dollar by three basis points, or 2 bps, closing at N1,537.03 in the official market. The exchange rate came under pressure this week as aggressive FX intervention by the Central Bank of Nigeria (CBN) eased.