The Nigerian Stock Market recorded its 10th consecutive day of gains on Thursday, with investors earning N308 billion. This uptrend continues the market’s positive performance over the past week. The Nigerian Exchange Limited (NGX) market capitalisation rose by 0.33 percent, increasing from N92.490 trillion to N92.798 trillion, reflecting stronger investor confidence. The All‑Share Index also grew by 0.33 percent, adding 485.25 points to close at 146,204.34, up from 145,719.09 on Wednesday.
Trading activity was robust, with 32 stocks posting gains and 21 recording losses. Eunisell Interlinked and Caverton Offshore Support Group led the gainers, each rising 10 percent and closing at N44 and N6.93 per share, respectively. FTN Cocoa Processors topped the losers’ table, falling 6.67 percent to N5.60 per share. A total of 346.99 million shares valued at N27.43 billion were traded in 24,691 deals, compared with 525.72 million shares worth N13.61 billion exchanged in 25,597 deals on Wednesday. Fidelity Bank was the most active stock, with 42.01 million shares valued at N861.54 million changing hands.
The Nigerian stock market’s sustained growth since the end of last month signals the country’s economic resilience. As the market continues to attract investors, it is likely to have a positive impact on the overall economy. With the NGX maintaining its bullish run, investors are closely watching to see whether this trend will persist in the coming days.
Comments are closed for this story.