Nigerian Equities Gain N147 Billion Amid Market Fluctuations

The Nigerian equities market closed higher, gaining N147 billion, with the market capitalization increasing to N126.583 trillion from N126.436 trillion. The NGX share index rose by 228.82 basis points, reaching 197,196.97 points.

Despite this gain, the market breadth was negative, with 43 declines against 25 advances. Significant gains were recorded by Aradel PLC, Oando PLC, and Fidson Healthcare, while the year-to-date return stood at 26.72 percent.

Conoil PLC led the gainers' table with a 10 percent increase, closing at N185.90 per unit, followed closely by NGX Group at 9.97 percent, closing at N166.00 per share, and Oando PLC at 9.96 percent, closing at N54.45 per unit. Conversely, Alex PLC topped the losers' chart with a 10 percent decline, closing at N13.95 per unit, followed by SCOA PLC and RT Briscoe.

Trading volume reached 187.574 million shares, representing a 32.624 percent increase, with a total transaction value of N31.229 billion across 86,488 deals.