Nigerian Stock Market Gains N369 Billion on Thursday

On Thursday, the Nigerian stock market showed a bullish trend, gaining N369 billion, which increased the market capitalization to N130.773 trillion from N130.404 trillion the previous day. The NGX share index appreciated by 576.27 basis points, closing at 203,161.81 points, up from 202,585.54 points.

The market rally was primarily driven by gains in shares of Zenith Bank, GTCO Plc, Aradel, and Nestlé Nigeria Plc. The trading day saw a mix of 30 advancers against 30 decliners, contributing to a year-to-date return of 30.56%.

Notably, Intern Gener Insur led the gainers' table with a 9.94% increase, closing at N3.43 per unit, followed by Guinea Insurance with a 9.52% gain, closing at N1.15 per unit. Other significant gainers included Updcreit, Regal Insurance, and WAPCO.