The Nigerian Exchange has continued its rally, with the market capitalisation crossing the N72 trillion mark ahead of the Sallah break. Equities investors saw a gain of over N1.16 trillion as the local bourse closed positive, extending its winning streak.
The All-Share Index surged by 1,835 points to close at a new all-time high of 114,616 points, reflecting a 1.63 percent increase. Trading was driven by strong buying interest in mid- and large-cap stocks, particularly in NGXGROUP, MTN, and 38 other firms across key sectors.
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Top gainers for the day included CHAMPION and NGXGROUP, both up by 10 percent, while FIDELITYBK emerged as the most traded stock in terms of volume and value. In contrast, NNFM led the laggards with a nearly 10 percent decline.
Market breadth closed positive with 40 gainers and 22 losers, and all five major sectors recorded gains. The banking sector led with a 2.46 percent increase, followed by oil and gas, insurance, consumer goods, and industrial sectors.
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