Nigerian Equities Market Gains N228bn on September 22

On September 22, the Nigerian equities market exhibited a positive trend, with the NGX All-Share Index gaining 352.24 points or 0.14 percent, closing at 250,156.80 points, up from 249,804.56 points the previous session. The total equity market capitalization increased by N228.25 billion, reaching N162.39 trillion compared to N162.16 trillion.

The index recorded a high of 250,156.80 points and a low of 244,304.51 points, with an average index point of 247,074.61. Trading activity involved 68,506 deals, totaling 574.12 million shares.

The NGX Premium Index rose by 0.29 percent, while the NGX 30 Index increased by 0.12 percent. Notable sectoral gains included the NGX Banking Index, which grew by 0.68 percent, and the NGX Insurance Index, which rose by 0.33 percent.

A total of 39 equities advanced, led by SUNU Assurances Nigeria Plc, NASCON Allied Industries Plc, Omatek Ventures Plc, and Thomas Wyatt Nigeria Plc, each appreciating by 10.00 percent. Conversely, The Okomu Oil Palm Company Plc led the decliners with a 10.00 percent loss.