Nigerian stock market commenced the week on a bullish note, with investors’ gains totaling N340 billion.
This upward trend follows the previous week’s five-day surge.
Market capitalization jumped by 0.43% to N80.143 trillion, while the All-Share Index rose by 539.95 points to 126,689.54.
Some stocks driving the market’s growth include Ikeja Hotel, Transcorp, and Okomu Oil, among others.
Top gainers include:
– Secure Electronic Technology (10% gain to N1.10)
– ABBEY Mortgage Bank (9.99% gain to N7.60)
– Ikeja Hotel (9.95% gain to N22.10)
– Mc Nicholas (9.92% gain to N4.32)
Trading activity was robust, with 1.29 million shares worth N32.2 billion exchanged across 39,437 transactions. Access Corporation led the activity chart with 138.03 million shares valued at N3.50 billion.
CEO of Wyoming Capital and Partners, Tajudeen Olayinka, attributed the market’s performance to investors injecting fresh funds.
“This is a good development… However, we should expect some sessions of profit-taking in the coming days,” Olayinka said.
