The Nigerian equities market extended its bullish run to a third consecutive session on Thursday, with investors gaining N20 billion in market value.
Market capitalization at the Nigerian Exchange Limited rose marginally from N128.977 trillion to N128.997 trillion, reflecting a 0.02 percent increase.
In the same vein, the All-Share Index (ASI) climbed by 32.14 points, or 0.02 percent, to close at 200,957.89, compared to 200,925.75 in the previous session.
The year-to-date return improved to 29.14 percent, although market breadth remained negative, with 36 decliners outweighing 30 advancers.
On the gainers’ table, Premier Paints and Zichis Agro Allied Industries topped the chart with 10 per cent gains each, closing at N34.10 and N12.54 per share, respectively.
They were followed by Legend Internet, John Holt, and McNichols.
Conversely, University Press led the losers with a 9.17 percent drop to close at N5.45 per share.
Other laggards included Sunu Assurances, Veritas Kapital Assurance, FTN Cocoa Processors, and NGX Group.
Trading activity strengthened during the session, as total volume rose by 26.05 per cent to 678.13 million shares, valued at N33.14 billion across 42,222 deals.
Access Corporation recorded the highest traded volume, with 134.59 million shares, accounting for 19.85 percent of total transactions. Meanwhile, MTN Nigeria dominated in value terms, with trades worth N11.06 billion, representing 33.38 percent of the day’s total turnover.
The latest gain builds on the positive momentum recorded earlier in the week, when investors recorded gains of N141 billion and N1.09 trillion in the preceding two sessions.
Eze Chidiebere Paul
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