Renewed Investor Interest Drives ₦88bn Gain on Nigerian Stock Market
The Nigerian equities market extended its positive run, lifting market capitalisation by ₦88 billion to close at ₦140.523 trillion. The All-Share Index rose by 135.97 points, or 0.06 per cent, to 218,249.81. Buying interest in National Salt Company, Union Dicon Salt, WAPCO, Trans-Nationwide Express and UAC of Nigeria led the uptick. Year-to-date returns now stand at 40.25 per cent despite cautious breadth, with 44 stocks declining against 25 gainers. Legend Internet posted the steepest loss, falling 9.92 per cent to ₦5.63, while Abbey Mortgage Bank and Stanbic IBTC also dipped close to 9 per cent. On the upside, National Salt advanced 10 per cent, Union Dicon Salt gained 9.92 per cent and WAPCO climbed 9.64 per cent. Trading activity eased, with volume down 14.38 per cent to 842.48 million shares valued at ₦44.86 billion. Access Corporation led by volume at 110.81 million shares, while MTN topped the value chart with ₦6.55 billion traded.
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