Equities Gain N1.5trn As Market Cap Hits N163.66trn

The Nigerian equities market closed the week on a positive note, as renewed buying interest in selected stocks lifted market capitalisation by N1.50 trillion to N163.66 trillion.
The benchmark NGX All-Share Index (ASI) rose by 0.92 per cent week-on-week to close at 252,113.41 points, pushing the market’s year-to-date (YTD) return to 62.01 per cent.
The positive performance was largely driven by buying interest in Seplat Energy, Dangote Cement, Zenith Bank and Guaranty Trust Holding Company (GTCO).
However, market breadth remained negative during the week, with 60 gainers against 71 losers, indicating mixed investor sentiment despite the overall rise in the benchmark index.
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