Nigerian Equities Market Gains N2.24 Trillion in Growth

The Nigerian domestic equities market maintained its growth trajectory, gaining N2.24 trillion, with the market capitalization increasing by 1.95% from N114.660 trillion to N116.895 trillion. The NGX share index rose by 3481.49 points, closing at 182,107.12 points.

This positive performance was supported by gains in mid-cap, highly capitalized stocks such as Nestlé Nigeria PLC and Union Dicon. The market breadth showed 53 gainers against 33 losers, resulting in a year-to-date return of 17.16%.

Notably, Union Dicon and Nestlé Nigeria PLC recorded a 10% gain, closing at N20.90 and N266.20 per share, respectively. Conversely, Skyavon topped the loser chart with a 10% decline, closing at N135.00, followed by Guinness Nigeria PLC with a 9.97% loss at N315.00 per share.

The trading volume rose to 227.027 million shares, representing a 32.51% increase, with a total transaction value of N54.137 billion across 49,647 deals. FirstHoldCo led market activity with 105.230 million shares valued at N5.057 billion.