Nigerian Equity Market Gains N1.755tn in Bullish Run

The Nigerian equity market opened the trading week on a strong note, extending its bullish momentum with a total market capitalization increase of N1.755 trillion. The benchmark share index appreciated by 2,721.83 points, representing a 1.12% rise, closing at 246,183.96 points.

This growth reflects sustained investor confidence and continued buying interest in large-cap stocks. Notable price gains were recorded across various sectors, including BUA Cement, which rose by 9.98% to close at N303.10 per share, and First Holdings Company, which increased by 9.95% to N105.50.

Despite the positive performance, overall investor sentiment showed a slight decline, with 31 decliners outpacing 29 gainers. The top decliner was Sunu Assurance, which shed 10% to close at N3.60 per share.

Trading activity improved, with total volume increasing by 24.17% to 851.634 million units, valued at N49.595 billion across 56,873 transactions, led by First Holdings Company with 203.938 million shares worth N21.515 billion.