Nigerian Equities Market Near N19 Trillion Market Capitalisation

The Nigerian Stock Exchange closed near N19 trillion market value on Thursday as local investors remained positive on the Exchange outlook despite the festive period.

The equities market in Africa’s largest economy gained $1.039 trillion in four trading days after adding N390.18 billion on Thursday.

The market value rose by N1.039 trillion from N17.902 trillion it closed on Friday to N18.941 trillion on Thursday. While the All-Share Index expanded from 34,250.74 index points on Friday to 36,239.62 index points on Thursday.

Investors traded a total volume of 343.6 million shares estimated at N4.34 billion in 3,895 deals during the trading hours of Thursday. Pushing the year-to-date market return to 34.30 percent, one of the highest in the world, according to the Bloomberg index that tracks 93 global equities.

The First Bank led the most traded stocks with 99.38 million shares valued at N700 million.

During Thursday trading hours, 30 stocks close in the green while 17 equities closed in the red with Airtel Africa leading with a 10 percent gain as shown below.