Nigerian Equities Market Gains N5.115 Trillion in Rally

The Nigerian domestic equities market experienced a significant gain of N5.115 trillion, attributed to a rally in heavyweight stocks. The market capitalization increased by 4.37%, reaching N122.142 trillion from N117.027 trillion.

The NGX share index appreciated by 7,968.49 points, closing at 190,281.57 points on Friday. Key contributors to this market rally included stocks such as Aradel PLC, WAPCO, MTN Nigeria, BetaGlass, UBA, Dangote Cement, Dangote Sugar, Zenith Bank, Oando PLC, GTCO PLC, Nestle Nigeria PLC, and Access Holdings.

Trading volume reached 136.631 million shares, representing a 14.77% increase, with a total transaction value of N62.99 billion across 64,237 deals. Jaiz Bank and ABC Transport recorded a 10% gain, closing at N9.13 and N8.25 per share, respectively.

Conversely, RT Brisco topped the losers' chart with a 9.99% drop, closing at N15.68 per unit. Other notable losers included Deap Capital and Caverton Business Solutions.