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 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 and Regency Alliance Insurance. On the flip side, Consolidated Hallmark Holdings led the losers' chart.

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