The Nigerian Exchange extended its bullish run on Thursday, gaining N308bn in market capitalisation as sustained investor interest in blue-chip stocks lifted the overall performance of the market.
At the close of trading, the market capitalisation of listed equities rose to N92.8tn from the previous day’s N92.5tn, while the benchmark All-Share Index advanced 485.22 points, or 0.33 per cent, to close at 146,204.31 basis points.
The gain marks the third consecutive rise this week, driven largely by positive sentiment across key sectors, particularly insurance, industrial goods, and premium stocks.
Trading data showed that investors exchanged 346.95 million shares valued at N27.42bn in 24,661 deals. This represented a 34 per cent decline in trading volume, a 102 per cent improvement in turnover, and a 4 per cent drop in the number of deals compared with the previous trading session.