Nigerian Exchange Gains N104 Billion Amid Bullish Trading

On October 15, trading activities on the Nigerian Exchange returned to a bullish trend, appreciating by N104 billion. The market capitalization of listed equities increased by 0.06 percent to N160.812 trillion from N160.708 trillion the previous day.

The NGX All Share Index rose by 160.02 basis points to 147673.65 points from 247513.63 points recorded on October 14. This positive performance was primarily driven by gains in shares of Aradel Plc, GTCO Plc, UBA, and others.

The market breadth was positive, with 30 advancers compared to 16 decliners, bringing the year-to-date return to 59.16 percent. AustinLaz led the gainers with a 10 percent increase, closing at N2.42 per unit, followed by Entrazact with a 9.76 percent gain, closing at N15.75 per unit.

Conversely, UPDCREIT topped the losers' chart, dropping by 9.96 percent to close at N23.50 per unit. Trading volume declined by 71.959 million shares, representing an 18.62 percent decrease, while the value of transactions increased by 35.82 percent to N28.590 billion across 30,956 deals.