Table of Contents

  1. Bullish Run in the Nigerian Stock Market
  2. Market Capitalization Increase
  3. Consecutive Bullish Sessions
  4. Stocks Contributing to Gains
  5. All-Share Index Performance
  6. Market Breadth
  7. Top Losers
  8. Market Activity
  9. Leading Trading by Volume
  10. Highest Value Traded
  11. Presidential Commendation

The Nigerian Stock Market continued its upward trend as investors gained N138 billion on Thursday.

This follows a 0.13 percent increase in the market capitalization of the Nigerian Exchange Limited, which closed at N102.822 trillion.

Thursday's performance marked the 19th consecutive bullish session on the Nigerian Exchange, highlighting ongoing buying interest in selected stocks and a boost in investor confidence.

Market data indicated that gains in Neimeth International Pharmaceutical, May and Baker, Etranzact International, Multiverse Mining, Mecure, and 27 other stocks drove the market into positive territory.

The All-Share Index increased by 214.80 points, or 0.13 percent, finishing at 160,806.56 on Thursday, up from 160,591.76 recorded on Wednesday.

Despite the overall gain, market breadth closed negative, with 41 decliners surpassing 32 advancers by the end of trading.

International Energy Insurance led the losers, falling 9.90 percent to close at N2.73 per share, followed by ABC Transport, Austinlaz, Conoil, and Veritas Kapital Assurance.

Market activity declined, as investors traded 645.06 million shares valued at N16.4 billion across 44,410 transactions, compared to 1.44 billion shares worth N20.7 billion exchanged in 49,286 deals during Wednesday's session.

Accordingly, Chams led trading by volume, exchanging 60.5 million shares valued at N236.8 million, followed by Linkage Assurance with 54.1 million shares worth N97.6 million traded during the session.

Access Corporation traded 35.5 million shares valued at N815.4 million on the exchange. Champion Breweries also featured, with 31.3 million shares worth N519.1 million exchanged.

Zenith Bank recorded the highest value traded at N1.51 billion, accounting for 9.15 percent of the total market value.

DAILY POST reports that President Bola Ahmed Tinubu on Thursday commended the NGX for its milestone achievement.

Frequently Asked Questions

What is the current status of the Nigerian Stock Market?

The Nigerian Stock Market is experiencing a bullish trend, with significant gains reported recently.

How much did the market capitalization increase?

The market capitalization increased by 0.13 percent, closing at N102.822 trillion.

Which stocks contributed to the market gains?

Stocks such as Neimeth International Pharmaceutical, May and Baker, and Etranzact International were among those that lifted the market.

Eze Chidiebere Paul

Eze Chidiebere Paul

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