Nigerian Equities Market Gains N3.156 Trillion in Value

The Nigerian equities market regained strength, recording a gain of N3.156 trillion in market capitalization, closing at N147.102 trillion, up from N143.946 trillion the previous day. The NGX share index appreciated by 4,918.37 basis points, closing at 229,240.34 points.

This positive performance was supported by mid-heavyweight stocks, including MTN Nigeria, Zenith Bank, Airtel Africa, WAPCO, GTCO PLC, and UBA. The market breadth was positive with 39 advancers against 14 decliners, bringing the year-to-date return to 47.31 percent.

Five companies recorded a gain of 10 percent, including Daar Communications and Omatek, which closed at N25.85 and N1.76 respectively. The top loser was Sunu Assurance, which dropped 10 percent to close at N3.24.

The trading volume decreased to 400.482 million shares, representing a 46.82 percent decline, with a total transaction value of N27.608 billion. Zenith Bank PLC led market activity with 49.784 million shares valued at N5.157 billion.