Nigerian Stock Market Ends Losing Streak, Investors Gain N500bn

The Nigerian Stock Market broke a 5-day losing streak, with investors gaining over N500 billion on Thursday, September 4. The market saw a positive turnaround as the benchmark Index ASI rose, and market capitalization increased to N13 trillion.

Market breadth was positive, with 41 stocks advancing, 12 declining, and 84 remaining unchanged. Notably, Unity Bank Plc and Providus Bank Limited received approval for a deal where shareholders were offered a ratio of shares.

This positive momentum signals renewed investor confidence in the market.