The Nigerian equities market extended its rally on Monday, lifting market capitalisation above N160 trillion as investors recorded a combined gain of N3.162 trillion.
The Nigerian equities market continued in a negative position on Wednesday as investors lost N74 billion amid sustained sell pressure across major stocks.
The stock market continued its positive trend, with investors recording a N1.268 trillion gain on Thursday.
The stock market on Tuesday extended its gain, adding N332 billion to investors’ portfolios.
The Nigerian stock market rebounded on Thursday, with investors recording gains of N233 billion amid renewed buying interest in equities.
A total of 636.50 million shares worth N12.77 billion was exchanged in 9,744 deals.
Specifically, the market capitalisation, which opened at N56.572 trillion, closed at N114 billion or 0.2 per cent downward, to close at N56.458 trillion.
“However, investors are advised to trade in stocks of companies with sound fundamentals,” the analysts added.
The market capitalisation gained N84 billion or 0.29 per cent to close at N28.733 trillion, compared to N28.649 trillion.
Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note as market capitalisation was down by N90 billion.
