Business and Economy

Nigerian stock market All Share Index gains 0.55% on Thirsday

The Nigerian stock market gained on from today’s trading activities as the All Share Index rose by 0.55% to end at 98,762.78 points. Strong interest in Tier-1 banking stocks ZENITHBANK (+2.02%), GTCO (+7.03%), and FBNH (+4.60%) boosted market sentiment. As a result, the market is set to record its first weekly gain after six consecutive weeks of losses. The year-to-date (YTD) return increased to 32.08%, while market capitalization added ₦303.79bn to close at ₦55.86trn.

Today’s market analysis revealed a decrease in trade turnover compared to the previous session, with transaction value dropping by 62.86%. A total of 665.20m shares valued at ₦5.54bn were traded in 8,446 deals. ABBYBDS (+0.00%) led the volume chart with 362.82m units exchanged, while ACCESSCORP (+3.86%) ranked first in terms of value with transactions worth ₦954.62m. PRESCO (+10.00%) topped the list of gainers with twenty-seven (27) other stocks, while NASCON (-9.99%) led the decliners with thirteen (13) other stocks.

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