Equity Market Surges with N45bn Gain: Nigerian Stock Exchange Bullish Momentum Continues

Nigerian Stock Exchange gains N45bn, continuing its bullish trend. 473M shares traded in 12,532 deals, with Industrial & Medical Gases leading gainers.

Advertisement

The Nigerian Stock Exchange extended its bullish trend on Tuesday, delivering a N45bn gain to investors. 

The All-Share Index inched up by 0.08% to settle at 96,873.74 points, with market capitalization rising to N55.65tn. 

Advertisement

Despite positive investor sentiment, the market breadth was negative, as 29 stocks gained while 30 declined. 

A total of 473 million shares worth N10.41bn were exchanged across 12,532 deals, marking a decline in trading volume, turnover, and the number of deals from the previous session. 

Industrial & Medical Gases, C&I Leasing, Guinea Insurance, and Eterna led the gainers' chart, each surging by 10%. 

However, RT Briscoe topped the losers' list with a 10% drop to N2.88 per share. 

The market's cautious optimism continues as profit-taking activities weigh on gains.

#NigerianStockExchange | #EquityMarket | #StockGains | #InvestorSentiment | #MarketRally  | #StockMarket | #TradingVolume | #FinancialNews