Nigerian Stock Market Surges Over N228 Billion on Christmas Eve

The Nigerian Stock Exchange (NGX) witnessed a bullish trend on Christmas Eve, leading to investors gaining over N228 billion in market value. The benchmark index, All-Share Index (ASI), rose by 0.12%, closing at 153,539.83 points.

Trade activities were slow due to the holiday-shortened week. Notable sectors like financial services, investment, and conglomerates saw increased market activity.

Top equities traded included Abbei Mortgage Bank PLC, VFD Group PLC, and Custodian Investment PLC. Market breadth was positive with 44 equities recording price appreciation.

Prominent figures like Toni Elumelu and Vivian Awel Elumelu were mentioned in the report.