Nigerian Equity Market Gains N88 Billion in Trading

The Nigerian equity market experienced a gain of N88 billion, closing with a market capitalization of N140.523 trillion, up from N140.435 trillion the previous day. The NGX share index appreciated by 135.97 basis points, closing at 218,249.81 points, compared to 218,113.84 points on Monday.

Despite a bearish market trend, major stocks like WAPCO Nigeria PLC, NASCON, and others recorded significant price increases. NASCON led the gainers' table with a 10% increase, closing at N171.60 per unit, followed by Union Dicon with a 9.92% rise to N19.95 per unit, and WAPCO with a 9.64% increase, closing at N273.00 per share.

Conversely, Legend Internet topped the losers' chart, dropping 9.92% to close at N8.30 per unit. The trading volume decreased to 894.912 million shares, valued at N42.878 billion, down by 12.91% from the previous day.