Nigerian Stock Market Gains N141bn, Maintains Momentum

On the previous trading day, the Nigerian stock market recorded a gain of N141 billion, maintaining its positive momentum for the consecutive trading session. The market capitalization closed at N128.977 trillion, up from N128.836 trillion at the opening.

The NGX All-Share Index (ASI) increased by 219.87 basis points, or 0.11%, closing at 200,925.75 basis points. The market breadth was relatively flat, with 32 stocks declining compared to 31 advancing.

Legend Internet (NGX: LEGENDINT) achieved the highest price gain of 10%, closing at N7.26, while Zichi Agro and Premier Paint followed with gains of 9.93% and 9.79%, respectively. On the downside, Fidson Healthcare (NGX: FIDSON) led the losers with a decline of 9.97%, closing at N94.85.

The total trading volume decreased by 58.34% to 236.487 million units, valued at N9.991 billion, across 20,919 transactions. Access Holdings (NGX: ACCESSCORP) topped the activity chart with 266.788 million shares traded, valued at N6.022 billion.