Nigerian Stock Market Gains N209 Billion, Hits N130 Trillion

The Nigerian stock market opened the week positively, with an overall market capitalization increase of N209 billion, bringing the total to N130.015 trillion. This growth was primarily driven by demand for Guaranty Trust Holding Company PLC (GTCO), whose shares advanced by 2.64% to close at N125.00 per share.

The Nigerian Exchange Limited's All-Share Index (NGX ASI) gained 324.21 basis points, or 0.16%, closing at 202,023.10 basis points, contributing to a year-to-date return of 29.82%. Despite the overall positive trend, market breadth was negative, with 37 decliners outpacing 23 advancers.

Notable gainers included Transnationwide Express, Omatek Ventures, and Cadbury Nigeria, while Ellah Lake and Daar Communications led the decline. Trading volume increased by 105.85% to 1.153 billion units, valued at N40.281 billion across 78,006 transactions.

Wema Bank was the most active stock, trading 282.584 million shares worth N7.291 billion.