Nigerian Stock Market Gains N3.159 Trillion This Week

The Nigerian stock market experienced a significant gain of N3.159 trillion, with the market capitalization rising to N160.253 trillion from N157.094 trillion. The NGX share index appreciated by 5705.60 basis points, closing at 250,481.42 points, up from 244,755.82 points the previous day.

This positive market performance was driven by gains in major stocks such as MTN Nigeria, GTCO Plc, Dangote Cement, FirstHoldCo, Mercur, Zenith Bank, UBA, WAPCO, and Berger Paints. The market breadth was positive, with 58 gainers against 21 losers, resulting in a year-to-date return of 60.67%.

Notably, Livestock Feed Cham Plc and Intern Gener Insur recorded a 10% gain, closing at N8.80 and N3.41 per share, respectively. Conversely, Prestig Insur was the top loser, declining by 10% to close at N1.44 per share, followed by Sovereign Trust Insur, UPL, and Ellahlak, which also experienced significant losses.