The Nigerian equities market recorded a 0.11% increase, attributed to the positive performance of key advancers such as NNFM, Mecure, and ETI. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose to 71,365.25 points, and the market’s capitalization reached N39.32 trillion. Notable active stocks included GTCO, Transcorp, and FBN Holdings. In total, investors participated in 6,516 deals, exchanging 540,085,654 shares valued at N10.243 billion.
Key Points:
- Market Performance:
- All-Share Index: 71,365.25 points (0.11% increase)
- Market Capitalization: N39.32 trillion
- Top Advancers:
- NNFM: +10.00% to N35.20
- Mecure: +9.09% to N12.00
- ETI: +6.25% to N17.00
- Thomas Wyatt: +9.62% to N2.28
- Champion Breweries: +7.69% to N3.50
- Active Stocks:
- GTCO, Transcorp, and FBN Holdings shares were actively traded.
- Trading Activity:
- Deals: 6,516
- Volume Traded: 540,085,654 shares
- Value Traded: N10.243 billion
Conclusion: The positive momentum in the Nigerian equities market, driven by top advancers, reflects investor confidence. Notable gains from NNFM, Mecure, ETI, and others contributed to the overall market performance. The increased trading activity, with actively traded stocks like GTCO, Transcorp, and FBN Holdings, indicates continued market participation. Investors are closely monitoring key stocks and market indicators amid ongoing market dynamics.
