Nigeria Stock Market closes positive on Thursday with 0.47% gain

The Nigerian stock market analysis for shows that it experienced a recovery today, bouncing back from losses in the previous session. The benchmark index closed 0.47% higher at 100,503.21 points, marking the highest level since April 15th.

Strong performances from telco giant AIRTELAFRI (+4.76%) and ACCESSCORP (+0.26%) lifted the broader index into positive territory, outweighing declines in GTCO (-0.44%), ZENITHBANK (-7.00%), and FBNH (-4.00%). Consequently, the market is set to end the week with a gain. The year-to-date return increased to 39.08%, while market capitalization rose by ₦262.82bn to ₦56.91trn.

Today’s market analysis revealed a decrease in trade turnover compared to the previous session, with transaction value declining by 17.30%. A total of 392.80m shares valued at ₦8.33bn were traded in 9,013 deals. GTCO recorded the highest volume of shares traded at 39.75m units, while AIRTELAFRI (+4.76%) led in terms of transaction value with deals amounting to ₦2.25bn. LINKASSURE (-10.00%) was the top loser among twenty-seven others, while UCAP (+9.92%) led the gainers among twenty-two others.