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 (NGX: ELLAHLAKES), and NCR Nigeria, while Universal Insurance (NGX: UNIVINSURE) led the losers' chart. Total volume traded slightly declined to 1.131 billion units valued at N33.550 billion.

Sovereign Trust Insurance (NGX: SOVRENINS) was the most active stock. Market outlook remains positive according to Imperi Asset Management.