The Nigerian Stock Exchange witnessed a steady upward trajectory as the All-Share index closed at 70,819.58 points, marking a 0.07% increase from the previous day. This positive momentum reflects a significant year-to-date gain of 38.18%, with the market capitalisation of listed equities soaring to N38.91 trillion.
The day’s trading session revealed 26 gainers and 27 losers, indicating a mixed performance across various stocks. Notably, UPDC, MECURE, SCOA, JAPAULGOLD, and UACN experienced notable surges in their share prices, while VFDGROUP, MULTIVERSE, TIP, REGALINS, and DAARCOMM witnessed declines.
Despite this, market activity demonstrated an overall improvement, with the total traded volume and value increasing by 1.94% and 71.44% to 569.19 million units and N16.79 billion, respectively. However, the total deals declined by 3.62% to 6,169 trades, signaling a nuanced trading landscape.
JAPAULGOLD emerged as the most traded security of the day, with 113.96 million units worth N208.5 billion exchanged in 174 deals, exemplifying substantial market interest in this particular stock.
The sustained bullish sentiment and varying stock performances underscore the dynamic nature of the Nigerian stock market, offering investors an array of opportunities amid evolving market conditions.
