
The Nigerian stock market continued its bullish run for a fourth consecutive session on Thursday, with investors recording fresh gains of N283 billion.
Data from the Nigerian Exchange Limited showed that total market capitalization rose by N283 billion, representing a 0.25 percent increase, to close at N114.660 trillion, up from N114.377 trillion at the opening of trading.
In the same vein, the All-Share Index (ASI) advanced by 0.25 percent, adding 441.27 points to settle at 178,625.63, compared with 178,184.36 recorded at the previous session.
The sustained uptrend pushed the Year-to-Date (YTD) return higher to 14.79 percent.
Market breadth closed positive, as 46 equities appreciated while 35 declined.
Leading the gainers’ table were Seplat Energy, RT Briscoe, and Deap Capital Management, which all appreciated by 10 percent to close at N8,107, N15.84, and N8.69 per share, respectively.
On the losers’ side, Nigerian Aviation Handling Company topped the chart with a decline of 9.98 percent, followed by May & Baker and Ecobank Transnational Incorporated.
Trading activity weakened during the session, as investors exchanged 698.3 million shares valued at N28.4 billion in 50,886 deals, compared with 939.2 million shares worth N34.03 billion traded in 61,279 transactions previously.
Access Corporation emerged as the most traded stock by volume, with 52.05 million shares accounting for 7.45 percent of total volume. Meanwhile, Guaranty Trust Holding led by value, recording trades worth N4.34 billion, or 15.25 percent of the day’s total value.
Overall, investors on the NGX have recorded cumulative gains of N1.4 trillion, N1.8 trillion, and N881 billion over the past three trading sessions.
Nigerian stock market sustains four-day rally as investors gain N283bn
Newscenter Media News 