Nigerian Equities Market Gains N5.115 Trillion in Rally

The Nigerian domestic equities market experienced a significant gain of N5.115 trillion, reflecting a positive trajectory driven by a rally in heavyweight stocks. The market capitalization increased to N122.142 trillion from N117.027 trillion, marking a 4.37% rise.

The NGX share index appreciated by 7,968.49 points, closing at 190,281.57 points. Key contributors to this market rally included stocks such as Aradel PLC, WAPCO, MTN Nigeria, Beta Glass, 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 of 1.062 billion units traded against 925.369 million the previous day. The value of transactions rose by 20.82% to N62.99 billion across 64,237 deals.

Notable gainers included Jaiz Bank and ABC Transport, both recording a 10% increase. Conversely, RT Brisco led the losers with a 9.99% decline.