Nigeria, May 29 -- The Nigerian stock market maintained its upward trend as proprietors led a fresh rally that raised the total market capitalization by N177 billion.

The growth indicates heightened investors' confidence, with bargain hunters buying undervalued shares in value sectors like consumer goods, telecommunications, and agriculture.

After trading closed, the Nigerian Exchange (NGX) All-Share Index increased by 296.39 points, or 0.27 percent, to 111,902.61 points. The market capitalisation rose from N70.387 trillion to N70.564 trillion, showing growing interest in medium and large-cap stocks.

The improved mood was primarily facilitated by the improved performance of stocks such as Okomu Oil, MTN Nigeria, Nigerian Breweries, Hon...