LunagisthubNigerian Stock Market Extends Rally, Gains N245 Billion
The Nigerian stock market has continued its upward trend, with the market capitalization increasing by 0.26% to N95.525 trillion. The All-Share Index (ASI) also rose by 0.26% to 149,842.82, driven by gains in various equities .
Some of the notable gainers include:
– FG142037S2, which increased by 44.44% to N130
– First Holding Company, which rose by 10% to N39.60
– Lasaco Assurance, which gained 10% to N2.75
– Veritas Kapital Assurance, which increased by 10% to N1.76
– Prestige Assurance, which rose by 10% to N1.65
On the other hand, some of the losers include:
– Livingtrust Mortgage Bank, which declined by 10% to N3.15
– International Energy Insurance, which dropped by 9.92% to N2.27
– McNicholas, which fell by 6.90% to N2.97
– Omatek Ventures, which dipped by 6.84% to N1.09
– CHAMS, which declined by 6.41% to N2.92
The market witnessed an increase in trading volume, value, and deals. A total of 5.9 billion shares worth N216.2 billion were traded in 25,205 transactions, compared to 1.03 billion shares valued at N21.8 billion exchanged across 23,701 deals in the previous session. Ecobank Transnational Incorporated recorded the highest volume and value, with 5.25 billion shares traded, valued at N168.66 billion .
Year-to-Date Return
The year-to-date return for the market has risen to 45.58%, indicating a positive performance for the year .
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