Nigerian Equities Surge, Market Capitalization Up by N144 Billion

Nigerian equities experienced a significant boost, with the market capitalization increasing by N144 billion. The All-Share Index (ASI) rose by points, driven by the positive performance of Guinness Nigeria Plc (NGX: GUINNESS) and 29 other companies.

Market breadth was positive, with 30 stocks gaining compared to 20 losers. Guinness Nigeria emerged as the top gainer with a 10% increase in share price.

Other notable gainers included Eunisell Interlinked (NGX: EUNISELL) and Regency Alliance Insurance (NGX: REGALINS). On the flip side, Consolidated Hallmark Holdings (NGX: CONHALLPLC) led the losers' chart.

The market's upturn was fueled by price appreciation in key stocks, reflecting a positive market sentiment.