Nigerian Stock Market Gains N220 Billion on Thursday

On Thursday, the Nigerian stock market experienced a bullish trend, resulting in an increase of N220 billion in investors' wealth. The market capitalization rose to N126.317 trillion from N126.097 trillion, reflecting a 0.17% increase.

The NGX share index appreciated by 343.93 basis points, closing at 196,807.15 points, up from 196,463.22 points the previous day. Despite this positive movement, market breadth was negative with 38 decliners against 33 advancers.

Notable gainers included MTN Nigeria, Nestle Nigeria Plc, and Zenith Bank, while stocks like TripleG and Multiverse faced significant losses. Year-to-date returns stood at 26.47%.

Trading volume decreased to 634.012 million shares, down 21.27% from the previous day, with total transaction value settling at N29.107 billion. Eterna Plc and NPF Micro Finance Bank led the gainers' table with increases of 10% and 9.92%, respectively, while TripleG was the top loser, dropping 9.94%.