Nigerian Stock Market Hits N106 Trillion Market Cap, Sustains Positive Momentum

The Nigerian stock market closed positively with the NGX All-Share Index gaining 2.59% to close at 165,837.33 basis points, leading to a market capitalization of N106.182 trillion. Market sentiment was bullish with 55 advancing stocks outweighing 13 declining counters.

Notable gainers included MTNN, Ellah Lakes, and NCR Nigeria, while Universal Insurance led the losers' chart. Total volume traded slightly declined to 1.131 billion units valued at N33.550 billion.

Sovereign Trust Insurance was the most active stock. Market outlook remains positive according to Imperi Asset Management.