The Nigerian Exchange Limited concluded its equities trading on a positive note, with the All-Share Index experiencing a 0.78% increase, closing at 71,808.64 points. This resulted in a significant gain of N472 billion in market capitalization, which closed at N39.295 billion. The trading volume surged by 59.15% to 690.011 million units, compared to the previous day’s 433.568 million units. Additionally, the trading value saw an upsurge to N12.1 billion, compared to N11.1 billion the day before.
Notable gainers in the equities market include THOMASWY, which rose by 9.92% to close at N3.32; First Bank Nigeria Holding (FBNH), which gained 9.91% to close at N29.40; MULTIVERSE, surging by 9.90% to close at N0.70; ETI, showing an increase of 9.88% to close at N18.90; and INFINITY, rising by 9.70% to close at N1.47.
However, some equities faced losses, with MANSARD declining by 9.69% to close at N4.10; GUINEAINS falling by 9.68% to close at N0.28; OANDO experiencing a 9.13% decrease to close at N10.45; OMATEK dropping by 8.14% to close at N0.79; and UNIVINSURE declining by 7.41% to close at N0.25.
Looking at the volume of shares traded, GTCO led the pack with 76.70 million units, followed by UBA with 74.57 million units, FIDELITYBK with 65.63 million units, ACCESSCORP with 64.18 million units, and UNIVINSURE closing at 47.13 million units, despite its 7.41% decline.
In terms of value, GTCO also took the lead with N3.04 billion, followed by UBA with N1.66 billion, ZENITHBANK with N1.37 billion, ACCESSCORP with N1.34 billion, and MTNN with N938.9 million.
The Nigerian stock market continues to demonstrate resilience and potential for growth, presenting opportunities for both local and international investors.
Through these developments, the Nigerian Stock Exchange affirms its position as a key player in the African financial landscape, offering untapped potential for investors seeking promising returns within the dynamic Nigerian economy.
