The Nigerian equities market resumed its bullish trend on Thursday, as investors gained N73 billion on renewed buying interest in selected stocks.
The market breadth also closed positive with 48 gainers and 22 losers.
As of December 31, 2023, the company was engaged in several litigation “in the normal course of business.”
Market capitalisation gained N137 billion to close at N28.1 trillion as against the N27.963 trillion posted at the last trading session on Thursday.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Flour Mills of Nigeria, Unilever Nigeria.
The negative performance was due to selloffs in stocks of Zenith Bank and FBN Holding.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: BUA Foods, WAPCO, FBN Holdings and Accesscorp.
The gain made the market capitalisation to close at N27.358 trillion from N27.276 trillion recorded on Thursday.
The overall market capitalisation dipped N83 billion to close at N21.920 trillion against N22.003 trillion on Friday.
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
