Nigerian Equities Market Gains N780bn on October 29
On October 29, the Nigerian equities market experienced a rebound, with the All-Share Index (ASI) increasing by 1,200.24 points, or 0.47 percent, to close at 254,083.02, surpassing the 250,000-point level. This recovery followed a decline in the previous session and was driven by renewed buying interest.
Consequently, the equity market capitalization rose by N780 billion, reaching N164.97 trillion. The total volume of shares traded surged by 61.9 percent to 654.28 million units, valued at N57.36 billion, across 35,821 deals.
Market sentiment was neutral, with 27 stocks gaining and 26 losing. eTranzact International led the gainers with a 10.00 percent increase to N17.60 per share, followed by Sovereign Trust Insurance at 9.60 percent to N2.17, and Fortis Global Insurance at 9.38 percent to N1.75. Conversely, First HoldCo had the largest decline at 10.00 percent, closing at N125.55 per share.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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