Nigerian Equities Market Rises 0.33% on Renewed Buying Interest

The Nigerian Stock Exchange (NGX) sustained positive momentum with a 0.33% increase in the All-Share Index to close at 146,203.40 points. Market capitalization rose to ₦92.79 trillion, translating to investor gains of ₦307.98 billion.

The market recorded 32 gainers and 21 losers, signaling a broad-based rebound. Key gainers included Caverton, Eunisell, Sunu Assur, and IMG, while FBN Holdings, PZ Cussons, and Veritas Kapital Assurance experienced declines.

The market was largely driven by sustained bargain hunting, mid-tier stock improvements, and renewed optimism ahead of Q3 corporate earnings reports.