Nigeria’s equity market continued its bullish trend on Thursday, adding N1.663 trillion in market value and pushing the total capitalization beyond the N136 trillion mark. The All-Share Index increased by 2,583.61 points, or 1.23 percent, closing at 211,901.02, up from 209,317.41 in the previous session. Year-to-date returns improved to 36.17 percent, with advancing stocks outnumbering decliners by 45 to 20.
Among the top performers, Trans-Nationwide Express and Guinea Insurance both saw their shares rise by 10 percent, closing at N5.50 and N1.21 per share, respectively. Aradel gained 9.99 percent, reaching N1,547.50, while Ecobank Transnational advanced by 9.97 percent to N61.20. Daar Communications also climbed 9.93 percent to close at N1.66. Conversely, Ikeja Hotel led the losers with a 9.73 percent drop to N33.40, followed by WAPIC, which declined by 8.77 percent to N2.60, and CAP, which fell 8.61 percent to N95 per share. International Energy Insurance and McNichols also experienced notable losses.
Trading activity showed a slowdown, with trading volume decreasing by 17.19 percent to 584.96 million shares, valued at N34.76 billion across 45,559 deals. Zenith Bank emerged as the most traded stock, accounting for 61.74 million shares valued at N7.60 billion, which represented 10.55 percent of the total volume and 21.86 percent of the total value. These gains mark the fourth consecutive session of positive performance, building on Wednesday’s impressive N2.28 trillion rally. The sustained upward momentum reflects strong investor confidence and robust participation in Nigeria’s equity market.
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