Nigerian Stock Market Rises 0.27% Driven by 30 Stocks

On the previous trading day, the Nigerian stock market maintained its upward trajectory, with the NGX All-Share Index (ASI) increasing by 0.27%, gaining 32.14 basis points to close at 200,957.89 basis points, up from 200,925.75 basis points. The market capitalization rose by ₦21 billion, closing at ₦128.998 trillion compared to ₦128.977 trillion from the previous day.

The upturn was driven by medium and large-capitalization stocks, with Premier Paint, Zichi Agro Industries, and others recording significant gains. Premier Paint saw a 10% increase, closing at ₦34.10, while Zichi Agro Industries gained 9.92%, closing at ₦7.98 per share.

Conversely, the market breadth turned negative with 36 stocks declining against 30 that gained. Univers Press led the losers with a 9.17% decline, closing at ₦5.45.

Total trading volume rose by 26.05% to 678.129 million units, valued at ₦33.139 billion across 42,222 transactions. Access Holdings topped the activity chart with 134.593 billion shares valued at ₦3.498 billion.