Nigerian Stock Market Gains N1.864 Trillion in Growth

The Nigerian stock market maintained its growth trajectory, achieving a gain of N1.864 trillion, with the market capitalization rising by 1.24% to N152.135 trillion from N150.271 trillion. The NGX share index increased by 2,905.05 basis points, reaching 237,083.28 points from 234,178.23 points.

This positive performance was recorded on a Monday, supported by gains from notable companies including Aradel PLC, MTN Nigeria, Dangote Cement, FirstHoldCo, and WAPCO, among others. The market saw 53 gainers compared to 17 decliners, resulting in a year-to-date return of 51.96%.

Zichi PLC and Cadbury Nigeria PLC led the gainers, appreciating by 10% to close at N26.62 and N61.60 per unit, respectively. In contrast, CMFC, Transexpress, and FTG Insurance were the top losers, each dropping by 10%.

Trading volume decreased by 44.966 million shares, representing an 8.35% decline, with a total value of shares traded settling at N28.022 billion across 49,969 deals. Zenith Bank PLC led market activity with 92.296 million shares valued at N9.700 billion.