Nigerian Equities Market Gains N1.230 Trillion on Friday

On Friday, the Nigerian equities market continued its bullish trajectory, gaining N1.230 trillion, driven by sustained demand across key sectors. The market capitalization rose by 0.99%, reaching N125.164 trillion, up from N123.934 trillion the previous day.

The NGX share index increased by 191.6 basis points to close at 194,989.77 basis points, reflecting growing investor confidence and strong fundamentals. The market breadth was positive, with 53 gainers compared to 23 decliners, resulting in a year-to-date return of 25.30%.

Leading the gainers were Jaiz Bank and Fidson, both up by 10%, closing at N11.00 and N86.90, respectively. NPF Microfinance Bank also gained 10%, closing at N6.27 per unit.

Conversely, NSLTech was the top loser, down 10% to N1.62. Overall trading volume declined to 77.972 million shares, representing a 7.88% decrease, with total trade value down 26.38% to N28.325 billion.