Nigerian Stock Market Rises on Strong Investor Sentiment

The Nigerian stock market started the week on a positive note, with the benchmark share index (NGXASI) increasing by 0.58%. Strong investor interest was observed in stocks such as NCR, IMG, Maybak, Honeywell Flour, WAPCO, FirstHoldCo, NGX Group, NB, Aradel, Cadbury, PZ, Access Bank, Transcorp, ETI, Wema Bank, GTCO, and Custodian.

Market capitalization rose to N104.52 trillion, with investor wealth growing to N744.99 billion. Fidelity Bank recorded the highest trade value at N3.14 billion.

ACAMB dismissed rumors of imminent bank closures, emphasizing the falsity of such claims.