Equity investors gain N65bn as reserves hit $40.72, highest since June

Nigeria's external reserves have reached $40.72 billion, the highest level since June, providing the Central Bank of Nigeria (CBN) with additional firepower to support the market. Equity investors gained N65 billion as a result, with the market index and capitalization experiencing significant growth due to positive price movements.

Stocks such as AIICO, DANGSUGAR, UNILEVER, and WEMABANK were among the top performers driving the market rally. The Nigerian Exchange index saw a notable increase, while market activity was mixed with a decrease in total volume traded but an increase in total value.

Atlass Portfolio Limited reported that approximately million units valued at million were transacted, with UNIVINSURE leading the activity chart. GTCO emerged as the most traded stock by value.