Nigerian Equities Market Gains N804 Billion This Week

The Nigerian equities market experienced a positive trend, gaining N804 billion as it opened the week with a market capitalization of N125.968 trillion, up from N125.164 trillion the previous day. The NGX share index rose by 1273.79 basis points, reaching 196263.56 points from 194989.77 points.

Daily trading volume was reported at 378.491 million shares, representing a 45.76% increase in investor activity, with a total transaction value of N28.325 billion across 920,99 deals, although this reflected a decline of 1.33% from the previous day. Okomu Oil led the gainers' table with a 10% increase, closing at N1605.60 per unit, followed by Fidson Healthcare at a 9.90% gain, closing at N95.50 per share.

Conversely, TripleG Tip Plc was the top loser, dropping 10% to close at N4.86 per share. Japaul led market activity with 459.411 million shares valued at N1.908 billion.