The Nigerian stock market extended its bullish streak for a fourth consecutive session on Thursday, as investors recorded 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 start of trading. Similarly, 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 at the previous session.
The sustained uptrend lifted the Year-to-Date (YTD) return to 14.79 percent. Market breadth was positive, with 46 equities appreciating and 35 declining.
Leading the gainers’ table were Seplat Energy, RT Briscoe, and Deap Capital Management, which all rose 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 slowed slightly during the session, with investors exchanging 698.3 million shares valued at N28.4 billion across 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.
Overall, investors have recorded cumulative gains of N1.4 trillion, N1.8 trillion, and N881 billion over the past three trading sessions, highlighting a sustained period of market optimism.
