Nigerian Stock Market Sees Gains with Capitalization Rising to N163.86 Trillion

The Nigerian Exchange Limited reported positive trading results on Thursday, with key market indicators showing significant improvements. The market capitalization of equities increased from N163.53 trillion on Wednesday to N163.86 trillion.

Along with the rise in capitalization, the All-Share Index also climbed by over 500 points, closing at 252,366.80. This is up from 251,861.24 points in the previous session. The index has seen a weekly high of 252,456.74 points and a low of 248,877.22 points.

Various sectors experienced gains, including the NGX Oil and Gas Index, which rose from 5,879.41 to 5,991.03 points. The NGX Premium Index also increased from 32,967.82 to 33,165.48 points.

Other sectoral movements included the NGX Banking Index at 2,356.81 points and the NGX Consumer Goods Index at 3,931.84 points, while the NGX Industrial Index remained unchanged at 12,336.94 points.

Investor activity was robust, with billions of units traded across thousands of deals in equities, exchange-traded products, and bonds. Overall market sentiment was strong, supported by active participation in major securities, reflecting a resilient trading session for the Nigerian market.