Investors gain N962bn as Nigeria’s stock market extends winning streak for fifth straight time

Nigeria’s banal marketplace maintained its bullish momentum connected Thursday, with investors gaining N962 cardinal arsenic equities closed higher for the 5th consecutive trading session.

The sustained rally pushed the marketplace capitalisation up by 0.62 per cent, rising from N155.585 trillion astatine the commencement of trading to N156.547 trillion astatine the close.

Similarly, the All-Share Index, precocious by 1,498.75 points, oregon 0.62 per cent, climbing from 242,459.98 to 243,958.75.

The latest show besides lifted the market’s year-to-date instrumentality to 56.77 per cent, underscoring the continued spot of capitalist sentiment.

Market breadth closed successful affirmative territory, with 29 stocks signaling gains against 25 losers, reflecting sustained assurance successful the equities market.

International Breweries topped the gainers’ illustration aft appreciating by 10 per cent to adjacent astatine N12.10 per share. First HoldCo followed intimately with a 9.96 per cent summation to settee astatine N69.55, portion Abbey Mortgage Bank roseate by 9.88 per cent to adjacent astatine N8.90 per share.

On the losers’ table, powerfulness procreation institution Geregu and Thomas Wyatt shed 10 per cent each to adjacent astatine N825.70 and N2.70 per share, respectively.

Trading enactment besides witnessed a crisp summation during the session, with full measurement surging by 219.47 per cent to 1.66 cardinal shares valued...