Nigerian Stock Market Ends Positively as ASI Gains 0.17%, Market Cap Surpasses N90 Trillion

The Nigerian stock market closed positively with the All-Share Index (ASI) gaining 0.17% and market capitalization crossing N90 trillion. The market saw an increase of approximately N160 billion, with 25 stocks recording gains, particularly in the energy and banking sectors.

Notable gainers included THOMASWY MRS, LIVING TRUST, and ETERNA. The positive performance was attributed to renewed interest in oil and gas stocks, with CAVERTON and FIDELITY BANK also posting gains.

However, market breadth was negative, with 36 stocks recording losses, including MANSARD, UPI, LEARNAFRICA, JULIUS BERGER, and CORNERST.