Nigerian stock market gains 0.48% as brewery companies shine; ACCESSCORP and FIDELITYBANK lead in trading volume 

This represents a 0.48% increase from the previous session’s close of 104,242.40, as the index begins a corrective move toward the 105,000 threshold.

Despite this upward momentum, trading volume experienced a slight decline, totaling 353.2 million shares, which is a 6% decrease compared to the previous session’s 376.2 million shares.

Market capitalization reflected the optimistic price movements, rising to N65.8 trillion, up from N65.4 trillion recorded in the prior session.

Leading the gainers are the brewing companies INTERNATIONAL BREWERIES and NIGERIAN BREWERIES, which recorded significant increases of 10.00% and 9.94%, respectively.

Conversely, on the losing side, INTENEGINS and NSLTECH faced declines of 9.46% and 8.93%, respectively.

Noteworthy trading activity was observed in ACCESSCORP and FIDELITYBK, which emerged as the leaders in transaction volume for the day.

Market summary 

Despite the notable price surge, trading volume experienced a slight decline, totaling 353 million shares, which represents a 6% decrease from the previous session’s 376.2 million shares.

Within the SWOOTS category, WAPCO increased by 0.70%.

The All-Share Index, currently in a retracement phase below 105,000, is starting to show signs of correction as bullish movements begin to appear.

The anticipated recovery of large- and mid-cap stocks will likely play a crucial role in shaping the index’s stability in the weeks ahead.