Stocks gain massively as All-Share Index advances by 0.60% and market capitalization rose by N180.2 billion

The Nigerian stock exchange gained 0.60% on Thursday to settle at 54,646.38 points with the year-to-date (YTD) return rising to 6.62%, and the market capitalization increasing by N180.23 billion to close at N29.77 trillion.

Trade turnover was however lower with a 52.92% decrease in transaction value. In total, 2,651 transactions involving 142.04 million shares worth 1.85 billion was completed.

The market’s success was driven by increases in BUAFOODS (+8.87%), WAPCO (+1.18%), and Tier-1 banking companies ZENITHBANK (+0.60%), GTCO (+-0.40%), and FBNH (+0.43%). With 32.42 million units exchanged, UBA (+0.60%) topped the volume chart, while ZENITHBANK (+0.60%) topped the value table with transactions totaling 11.53 million. Twenty (20) others were surpassed by BUAFOODS (+8.87%) on the leader’s log, while five (5) were surpassed by NEIMETH (-6.4%) on the leader’s table.

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