Nigerian Stock Market Gains N3.45bn, Dangote Group Urges Fast-Track Listing

The Nigerian stock market started the week with a N3.45 billion gain, with 5 top companies emerging. The market ended the day with a marginal increase of 0.003%, driven by renewed interest in real estate, aviation, and select financial stocks.

The Nigerian Exchange saw its All-Share Index edge up by 165.56 points from the previous session to close at 165,517.56 points. Market capitalization rose to N105.96 trillion.

Market sentiment closed flat with 35 gainers and 35 decliners, reflecting a balanced trading session. Trade activity declined, with total volume falling to 601.65 million shares exchanged in 58,429 deals valued at N17.30 billion.

Aarn Dr. Faruk Umar, speaking on behalf of investors, called on the Nigerian Exchange to enable ordinary Nigerians to benefit from the listing of Dangote Petroleum Refinery, urging NGX to advance the rights of Nigerian shareholders.