The Nigerian equities market sustained its upward trajectory on Thursday, delivering a strong performance that saw investors record a combined gain of N3.36 trillion in portfolio value ahead of the International Workers’ Day.
Market data indicated a significant jump in total capitalisation, which increased from N152.728 trillion at the opening of trading to N155.994 trillion by the close of the session. This surge reflects renewed investor confidence and continued buying interest across key sectors.
The All-Share Index also posted a notable rise, climbing from 237,205.59 points to finish at 242,277.81, further underscoring the market’s bullish sentiment.
Market breadth remained positive, with 46 stocks closing in the green compared to 40 that recorded losses, suggesting a broadly favourable trading environment.
Among the standout performers were major stocks such as Chemical and Allied Products Plc, FTN Cocoa Processors Plc, UACN Plc, Unilever Nigeria Plc, and Seplat Energy Plc, each of which recorded the maximum allowable daily gain of 10 percent.
On the losing side, Alex Industries Plc led the decline after its share price fell by 9.95 percent to close at N9.50. Royal Exchange Plc and Legend Internet Plc also experienced notable drops, declining by 9.93 percent and 9.32 percent, respectively.
