Nigerian Equities Market Gains N392 Billion This Week

The Nigerian equities market experienced a positive close, gaining N392 billion, driven by improved corporate earnings for the 2025 financial year. The market capitalization rose by 0.30%, reaching N131.165 trillion from N130.773 trillion.

The share index also increased by 0.30%, closing at 203,770.43 points, up from 203,161.81 points in the previous session. Year-to-date returns rose to 30.95%.

However, the market breadth was negative, with 34 losers compared to 24 gainers. Omatek Ventures led the losers with a 10% decline, closing at N2.07 per share, followed by Austin Laz with a 9.93% drop to N3.99, and Coron Insurance, which shed 9.88% to close at N2.92 per share.

On the gainers' side, FG202033S6 appreciated by 36.30% to close at N115.86, while Trans Nationwide Express gained 9.91% to N3.77, and International Breweries rose by 9.88% to N13.35. Trading activity declined, with total volume dropping by 15.97% to 548.60 million shares valued at N31.46 billion across 48,538 deals.