Nigerian Stock Market Gains N1.003 Trillion with Bullish Sentiment

The Nigerian stock market maintained a positive momentum, gaining N1.003 trillion as investors engaged in bargain hunting activities, particularly in financial stocks. The Nigerian Stock Exchange All-Share Index (NSEASI) rose by 1.08%, closing at 146,981.17 basis points.

Notable gainers included Nahco, Zenith Bank, and Stanbic IBTC, while Custodian Investment emerged as the highest price gainer. On the flip side, Austin Laz Company led the losers' chart.

Market sentiment was overwhelmingly bullish, with 55 advancing stocks significantly outnumbering decliners. Total trade volume decreased, with Wema Bank leading in trading activity.