The Nigerian Stock Exchange witnessed a significant gain on Thursday, following the country’s Independence anniversary holiday, with investors earning N171 billion. According to the Nigerian Exchange Limited’s trading data, a total of 33 stocks, including PZ Cussons Nigeria, Eterna, Champion Breweries, Tantalizer, AIICO Insurance, and 29 others, drove the market’s uptrend.

The market capitalisation, which started the day at N90.580 trillion, increased by 0.19 per cent to close at N90.751 trillion. Similarly, the All-Share Index rose by 0.19 per cent, or 268.98 points, to settle at 142,979.46, up from 142,710.48 on Tuesday. The market breadth ended on a positive note, with 34 gainers and 26 losers recorded on the Exchange’s floor.

PZ Cussons Nigeria led the gainers’ table with a 10 per cent increase, while RT Briscoe topped the losers’ table with a 9.89 per cent decline. In terms of trading activity, Cornerstone Insurance dominated the volume and value charts, with 5.45 billion shares valued at N25.1 billion. United Bank for Africa followed closely, with 152.14 million shares worth N6.5 billion.

The Nigerian Stock Exchange’s performance on Thursday reflects the country’s growing economy and the attractiveness of its stock market to investors. With a diverse range of stocks performing well, the Exchange continues to provide opportunities for investors to grow their wealth. As the Nigerian economy continues to evolve, it is likely that the stock market will remain a key indicator of the country’s financial health.

The positive trend in the stock market is a welcome development, especially given the current economic climate. The Nigerian government has implemented various policies aimed at boosting economic growth and attracting foreign investment. The stock market’s performance is a testament to the effectiveness of these policies and the confidence of investors in the Nigerian economy. As the market continues to grow, it is essential for investors to remain informed and up-to-date on the latest developments and trends.