The Nigerian stock market closed on a strong note on July 2nd, adding 598.67 points to end the day at 120,339.9.
This represents a 0.50% gain from the previous close of 119,741.2, pushing the All-Share Index back above the 120,000 mark.
Trading activity surged, with daily volume jumping to 1.04 billion shares, nearly double the 527 million shares traded the previous day.
Market capitalization also rose sharply, settling at N76.1 trillion across 21,964 deals, comfortably reclaiming the N76 trillion threshold.
On the gainers’ chart, CUTIX, ELLAHLAKES, SMURFIT, NSLTECH, and OMATEK all hit the upper limit with 10.00% gains.
Meanwhile, DEAPCAP and JOHNHOLT led the laggards, declining by 9.09% and 5.41%, respectively.
In terms of trading volume, ROYALEX and JAPAULGOLD stood out as the most actively traded stocks of the session.
Daily trading volume surged to 1.04 billion shares, nearly doubling the 527 million shares recorded the previous day.
Among the SWOOTs (Stocks Worth Over One Trillion Naira):
In the FUGAZ banking group:
FBNH (FIRSTHOLDCO) remained unchanged.
Wednesday’s rally shows renewed buying interest, especially in large-cap stocks, as the index reclaims ground above the 120,000 mark.
If this momentum continues, the market could see further upward movement, reinforcing optimism among investors in the days ahead.