The Nigerian equities market extended its bullish rally on Thursday, with investors gaining N1.698 trillion.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.09 per cent.
Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
The All-Share Index (ASI) also lost 43.04 points or 0.09 per cent to close at 48,836.70 compared with 48,879.74 posted on Tuesday.
The major drivers of the weak performance were Zenith Bank, First Bank of Nigeria Holding, Access Bank Holding and Stanbic Bank.
The market breadth ended with 15 stocks in the gainers’ and losers’ charts respectively.
Transaction activities ended with 17 gainers and 11 losers.
The All-Share Index advanced by 80.03 points or 0.16 per cent to close at 49,709.46 against 47,629.43 achieved on Tuesday.
The All-Share Index (ASI) dropped by 0.46 per cent to close at 50,489.73 points from 50,722.33 points recorded on Friday.
The market closed negative with 11 gainers in contrast with 23 losers.
