Nigerian Equities Market Surges, Investors' Wealth Up by N1.27 Trillion

The Nigerian equities market witnessed a positive trend as investors' wealth surged by N1.27 trillion, driven by increased buying interest in large and mid-cap stocks. The NGX Equities extended its strong performance, with the All-Share Index (ASI) gaining 1.18% to close at 170,005.36 points.

Market capitalization also rose by N109.13 trillion, reflecting a bullish sentiment and fresh fund inflows. Deap Capital Management Trust Plc emerged as the top loser, while Cham Holdings Company Plc and Champion Breweries Plc were among the active traders.

Access Bank Plc, Seplat Plc, and Geregu Power Plc led in terms of trading volumes and values. Despite the official appreciation of the Naira against major currencies, pressure persisted in the parallel market.

The trading session recorded the highest volume of 106.63 million shares, with Geregu Power Plc leading in transaction value.