Tracked by the All-Share Index, the Nigerian stock market closed positive on August 26, gaining 321.59 points and extending its winning streak to a third straight session after a bearish run the previous week.
Closing at 141,761.36 compared to an opening of 141,439.77, the index advanced 0.23%, bringing year-to-date performance to 37.7%.
Trading activity also picked up, with trading volume climbing to 605 million shares compared to 591.2 million shares the day before.
Market capitalization advanced to N89.6 trillion across 28,845 deals, edging closer to the N90 trillion mark.
Market activity strengthened as volume rose to 605 million shares from 591.2 million shares the previous day.
In terms of value, LAFARGE dominated with trades worth N1.6 billion.
SWOOTs (Stocks Worth Over One Trillion Naira) had a mixed outing.
Among the FUGAZ stocks, GTCO gained 2.03%, UBA rose 0.94%, ZENITHBANK added 0.86%, and ACCESSCORP edged up 0.18%.
All-Share Index seems to be staging a mild correction from last week’s decline, when it dropped to a low of 140,332.4.
The current rebound points to a gradual recovery in investor sentiment. If momentum continues and bullish activity persists in large-cap stocks, the index could retest the 142,000 level in the near term.