The Nigerian equities market finished on a positive note Thursday, delivering a ₦190 billion boost to investors, as strong buying interest lifted major stocks.
Market capitalisation rose 0.21 percent to ₦89.003 trillion from ₦88.813 trillion the previous day. Likewise, the All-Share Index gained 300.49 points to close at 140,665.85, up from Wednesday’s 140,365.36.
Market breadth was also upbeat, with 41 gainers outpacing 12 losers.
Top Gainers
- Guinness Nigeria, C&I Leasing and Livingtrust Mortgage Bank advanced 10% each, closing at ₦143, ₦6.60, and ₦4.62 per share respectively.
- Etranzact climbed 9.68% to ₦13.60, while Regency Alliance Insurance gained 9.42% to ₦1.51.
Major Losers
- NEM Insurance led the laggards, sliding 9.94% to ₦28.10.
- AXA Mansard shed 4.76% to ₦15.99.
- Computer Warehouse Group declined 4.71% to ₦16.20, Ellah Lakes dropped 4.29% to ₦13.40, and Consolidated Hallmark Holdings slipped 4.28% to ₦4.03.
Analysts attributed the bullish close to sustained investor appetite in key banking, consumer goods, and tech stocks, signalling continued confidence in the Nigerian market despite broader economic headwinds.
