Business and Economy

Nigerian stock market analysis: Indices edge towards bullish territory

The Nigerian stock market Analysis today revealed that the trading session ended with a mixed performance, leaning towards bullish territory as the benchmark index closed at 99,842.94 points.

Despite declines in ZENITHBANK (-0.14%), FBNH (-0.45%), and TRANSCOHOT (-10.00%), gains in GTCO (+4.42%), UBA (+0.68%), and WAPCO (+0.63%) pushed the market into positive territory. Consequently, the year-to-date (YTD) return increased to 33.53%, while market capitalization rose by ₦988.50m to end at ₦56.48trn.

Nigerian stock market Analysis – Turnover

Today’s Nigerian stock market Analysis further revealed a higher trade turnover compared to the previous session, with transaction value rising by 53.64%. A total of 1.3m shares valued at ₦25.33bn were traded in 8,364 deals. FBNH (-0.45%) led both the volume and value charts with 871.08m units exchanged at ₦19.12bn. CHAMPION (+9.88%) topped the list of gainers among thirty-three (33) others, while TRANSCOHOT (-10.00%) led the decliners among fourteen (14) others.

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