Nigerian Stock Market Surpasses N160 Trillion Mark

The Nigerian stock market crossed the N160 trillion mark, reaching a market capitalization of N160.256 trillion, driven by significant investor demand for Dangote Cement Plc, which saw an increase of 8.5%. The NGX share index gained 5,709.71 basis points, a rise of 2.33%.

Overall, the market capitalization appreciated by N3.16 trillion. Key contributors to this performance included Dangote Cement, MTN Nigeria Communications, NASCON Allied Industries, Nigerian Aviation Handling Company Plc, and BUA Cement.

The market breadth closed positively with 58 stocks advancing compared to 21 that declined. R.T.

Briscoe recorded the highest price gain of 10%, closing at N3.41 per share. Prestigious Assurance led the losers' chart with a decline of 10%, closing at N1.44 per share.

The total volume of trade increased by 28.63%, amounting to 1.486 million units valued at N68.455 billion across 94,834 transactions. Verita Capital Assurance topped the activity chart with 194.545 million shares traded.