Equities gain N157bn in bullish run

The equities market gained N157.43 billion on Thursday as the market continued its bullish run.

The gains brings the market capitalisation to a new total of N59.12 trillion, up from N58.96 trillion.

Similarly, the NGX All-Share Index (ASI) surged by 278.42 points to reach 104,562.06 points, marking a growth of 0.27 percent from its previous close at 104,283.64 points.

The overall market mood was buoyant, with MORISON leading the charge among 329 advancing stocks with a notable 10 percent  rise in its share price.

Conversely, FTNCOCOA saw its stock price fall by 9.60 percent, positioning it as one of the day’s most significant decliners among 16 stocks.

In terms of volume and value of shares traded, ZENITHBANK and GTCO were the top movers.

ZENITHBANK led with 88.36 million units while GTCO followed closely with 78.68 million units. Other active stocks included ACCESSCORP, UBA, and FIDELITYBK, with 56.74 million, 54.94 million, and 50.78 million units traded, respectively.

The trading session saw a marked increase in activity, with the volume of shares traded rising by 123.37 million shares, a 24.69 percent jump, resulting in a total of 623.08 million units traded, a notable increase from the 499.71 million shares traded in the previous session.