Today’s Nigerian stock market Analysis: ASI gains 18bps

Today’s Nigerian stock market Analysis reveals that the All-Share Index experienced a modest recovery, increasing by 0.18% to reach 97,098.98 points today, partially offsetting earlier losses. The positive performance of MTNN (+0.28%), GTCO (+1.47%), and ZENITHBANK (+1.37%) surpassed the declines seen in UBA (-0.48%), NESTLE (-1.81%), and TRANSCORP (-3.70%). Consequently, the year-to-date (YTD) return improved by 18 basis points to 29.86%, while the market capitalization rose by ₦96.79 billion, concluding at ₦55.13 trillion.

Nigerian stock market Analysis of market activities indicated an increase in trade turnover compared to the previous session, with transaction values rising by 89.59%. A total of 636.50 million shares, valued at ₦12.77 billion, were traded across 9,744 transactions. ACCESSCORP (+0.81%) led in volume with 112.62 million shares exchanged, while GTCO topped the value chart with transactions amounting to ₦3.34 billion. REDSTAREX (+10.00%) was the leading gainer among twenty-five stocks, while NEMETH (-7.69%) was at the forefront of the laggards, leading twenty others.