Nigerian Stock Market Sees 2.45% Gain, Market Cap Hits N93.72tn

The Nigerian stock market, represented by the NGX, experienced a positive trend with a 2.45% gain in the All-Share Index, pushing market capitalization to N93.72tn. Trading activities showed a mixed performance, as the oil and gas and commodities sectors saw slight declines.

The total turnover for the week stood at 6.617 billion shares valued at N113.224 billion across 109,590 deals. Notable companies driving trading volume included e-Tranzact International Plc, Cornerstone Insurance Plc, and Access Bank Plc.

Analysts anticipate cautious optimism in the market, with a focus on high-quality stocks.