Stock Market Extends Positive Momentum, Gains N111bn on Demand for Lafarge, Others
The Nigerian Exchange Limited (NGX) continued its positive momentum, gaining N111 billion in market capitalization. This growth was attributed to increased investor demand for stocks like Lafarge Africa Plc and 49 others.
The NGX Index rose by a basis point, closing at a 0.49% increase, while market capitalization reached N21 trillion. Sector performance was mixed, with the Insurance Index and Industrial Goods Index closing higher, while the Banking and Oil & Gas indices declined.
Investor sentiment remained positive, with 50 stocks advancing and 29 declining. Associated Bus Company, Champion Breweries, and Ellah Lakes were among the top gainers, while Juli and Unilever Nigeria were top losers.
Market activity saw Lasaco Assurance topping the charts in terms of volume. Analysts at Afrinvest Limited expect the market to maintain its positive performance driven by improved investor sentiment.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Lafarge Africa Boosts Nigerian Stock Market by N254bn, Market Capitalization Hits N25 Trillion.
Nigerian Stock Market Shows Positive Performance, Market Cap Rises
Nigerian Stock Market Records Consecutive Days of Positive Trading
From Caution to Confidence, Nigeria’s Stock Market Sustains Rally
Equities Market Opens Trading Week By N79bn Gain
NGX Surges: N704bn Gain, Top Gainers Revealed
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
