Nigerian Equities Market Surges, Investors Gain N246 Billion in Five Hours

The Nigerian equities market witnessed a significant recovery, with investors gaining N246 billion in just five hours of trading. Key stocks such as Morison, NPfmcRFBK, and Sovereign Insurance saw substantial growth in their share prices.

The benchmark All-Share Index (ASI) increased by 147.95 points to close at 147,040.07 points. Market breadth was positive with 41 stocks advancing, 15 declining, and 91 remaining unchanged.

Notable trading activities included First City Monument Bank (FCMB), MTN Nigeria, and Zenith Bank. Overall, the market capitalization surged to N93.7 trillion from N92.7 trillion.