Nigerian Equities Market Shows Mixed Performance Despite Index Gain

The Nigerian equities market exhibited mixed momentum with the All-Share Index (ASI) advancing despite a decrease in market value. Market capitalization opened at N91.44 trillion and closed lower at N90.99 trillion, indicating mild selling pressure.

The market saw positive activity with 29 gainers and 27 losers, reflecting increased investor participation. Key stocks like AIICO, NCR, and Ikeja Hotel recorded notable percentage gains.

The market showed a mix of sentiment across sectors, with cautious optimism prevailing. Despite concerns about liquidity and fixed income yields, there is renewed appetite for short-term opportunities.