Nigerian Equities Gain N326bn Amid Mixed Market Performance

On Thursday, the Nigerian domestic equity market closed higher, appreciating by N326 billion. The market capitalization of listed equities increased by 0.19 percent, reaching N154.442 trillion, up from N154.136 trillion the previous day.

The NGX All Share Index rose by 100473.17 basis points to 239156.09 points, compared to 238682.92 points on Wednesday. Despite a negative market breadth with 19 advancers against 39 decliners, gains in companies such as FirstHoldco and Mansard Insurance outweighed losses in firms like Fidson Healthcare and Daar Communications, resulting in a year-to-date return of 53.69 percent.

Omatek led the gainers with a 9.60 percent increase, closing at N1.37 per unit, while Fidson Healthcare topped the losers' chart with a 9.98 percent drop, closing at N75.80 per share. Trading volume decreased by 31.83 percent, with 499.955 million shares traded, while the value of transactions rose by 1.82 percent to N35.147 billion.