The Nigerian stock market extended its bullish momentum on Thursday as the Nigerian Exchange Limited recorded a gain of N403bn, driven by renewed investor interest in insurance and banking stocks.
At the close of trading, the market capitalization rose to N76.6 tn from N76.2 tn the previous day.
The benchmark All-Share Index appreciated by 637.30 points, representing a 0.53 per cent increase, to close at 120,977.20 points.
This performance marks a one-week gain of 0.17 per cent, a four-week gain of eight per cent, and a year-to-date return of 17.54 per cent.
The positive market sentiment was reflected in the performance of major sectoral indices. The Insurance Index led the pack, rising by 2.76 per cent. It was followed by the Banking Index, which climbed by 1.29 per cent.
The Consumer Goods Index appreciated by 0.74 per cent, the NGX Pension Index rose by 0.75 per cent, and the Oil and Gas Index advanced by 0.69 per cent.