Nigerian equity market sustains bullish streak with N348bn turnover

The Nigerian equity market maintained its bullish momentum at the close of Thursday’s trading session, recording a total turnover of N348bn, signalling a positive outlook for investors. In terms of market performance, the All-Share Index rose by 194.69 points, or 0.19 per cent, to close at 104,744.43. The ASI has recorded a week-on-week gain of 1.9 per cent and a year-to-date gain of 1.77 per cent. Other key indices, such as the Top 30 Index, Consumer Goods Index, and Industrial Index, also posted gains, reflecting positive sentiment across various sectors. The market capitalisation of the Nigerian Exchange stood at N64.9tn by the end of the session, with 126 listed equities participating in the day’s trading.A total of 497,363,256 shares were traded in 13,716 deals, reflecting a 19 per cent increase in volume compared to the previous trading day. However, there was a 12 per cent decline in turnover and a 16 per cent drop in the number of deals. Related News Equity market reverses loss, investors gain N364bn MRS, others drag equity market to N284bn loss Equity market gains N794bn in one week Out of these, 39 stocks closed in positive territory, while 25 recorded losses.