The Nigerian All-Share Index continued its upward run, adding 172.5 points to close at 144,995.3, a 0.12% rise from the previous day’s 144,822.8 and its eighth consecutive gain.
Trading activity remained steady, with 507.4 million shares exchanged, only slightly below the 519 million recorded in the prior session.
Market capitalization, however, inched higher to N92.03 trillion, compared to N91.92 trillion the previous day.
AccessCorp and Ellah Lakes were the day’s most actively traded stocks, driving much of the market’s volume.
Trading volume slowed slightly, closing at 507 million shares compared to 519 million recorded the week before.
In terms of value, ARADEL led with trades worth N13.1 billion.
Stocks Worth Over One Trillion Naira (SWOOTs) showed mixed performance.
On the other hand, FIDELITY BANK lost 4.30%, ARADEL declined 1.59%, and STANBIC IBTC slipped 1.37%.
FUGAZ Performance:
In contrast, GTCO shed 4.04%, while ZENITH BANK dipped 0.58%, rounding off a mixed session for the banking giants.
The Nigerian All-Share Index appears to be regaining its bullish momentum, with buying pressure that could lift it back above the 145,000-point level.
Sustained gains in large-cap stocks could further strengthen the rally in the near term.