Nigerian Stock Market Surges Above 252,000 Points

On November 12, the Nigerian stock market experienced a positive turnaround as the All-Share Index recovered from a previous decline, closing at 252,366.80 points, reflecting a gain of 0.21 percent. The market capitalization increased by N328 billion, reaching N163.859 trillion.

APT Securities & Funds Limited reported that the trading session was characterized by mild bullish sentiment and significantly elevated trading turnover, resulting in a positive market close alongside increased activity. The market breadth was favorable, with 21 stocks gaining and 19 losing.

Fidson Healthcare (NGX: FIDSON) led the gainers with a 9.94 percent increase, closing at N91.80 per share. Other notable gainers included Sunu Assurance, which rose by 9.92 percent to N2.88, and Champion Breweries (NGX: CHAMPION), which appreciated by 9.85 percent to N11.15.

Conversely, International Breweries (NGX: INTBREW) led the losers, declining by 7.18 percent to N8.40 per share.