Nigerian Stock Market Makes N75bn

SEC Warns Nigerians Against Investing In FinAfrica, Poyoyo

The Nigerian Exchange Limited added N75 billion to investor gains on Thursday, continuing its upward trend.

The All-Share Index increased 52.235.88 points, or 0.26 percent, to 138.26 base points. The market capitalization also increased, rising 0.26 percent to N28.442 trillion.

Bua Foods (+5.88%), Zenith Bank (+1.11%), and Stanbic (+0.54%) were among the companies that saw buying activity, offsetting losses at Nigerian Breweries (-10.00%), Wapco (-0.83%), and GTCO (-0.40%).

The number and value of transactions decreased by 63.96% and 9.52%, respectively, in the market activity, indicating a lowered trading turnover compared to the previous session.

A total of 2.33 billion share units, worth N17.62 billion, were exchanged in 6,958 deals.