February 19, (THEWILL) — The Nigerian equities market recorded a bullish session on Thursday, with strong sectoral support lifting prices across key stocks and driving investor optimism.
The market opened with a Market Capitalisation of ₦122.236 trillion and closed higher at ₦123.934 trillion. The All-Share Index (ASI) gained 1.38 percent, rising from 190,427.96 at the start of the session to 193,073.57 by close.
Market breadth reflected a positive trend, with 52 gainers sharply outpacing 26 losers, signalling a broad-based uptick across multiple sectors.
Top Gainers for the Day
DEAPCAP advanced 10.00 percent (₦6.30 to ₦6.93)
OKOMUOIL moved up 10.00 percent (₦1,327.00 to ₦1,459.70)
FTGINSURE gained 10.00 percent (₦0.50 to ₦0.55)
INFINITY appreciated 9.96 percent (₦13.05 to ₦14.35)
ZICHIS rose 9.96 percent (₦14.36 to ₦15.79)
Top Losers for the Day
MCNICHOLS fell -10.00 percent (₦9.20 to ₦8.28)
MULTIVERSE dropped -10.00 percent (₦28.00 to ₦25.20)
NSLTECH declined -10.00 percent (₦2.00 to ₦1.80)
TRIPPLEG lost -10.00 percent (₦6.00 to ₦5.40)
MEYER dipped -9.80 percent (₦22.95 to ₦20.70)
Stocks that closed flat included John Holt Plc, DN Tyre and Rubber, Golden Guinea Brewery, BUA Foods, and Honeywell Flour Mill Plc.
Thursday’s market activity was driven by renewed buying in Financial Services and Consumer Goods stocks, as well as a positive sentiment surrounding mid-cap equities. Despite pressure from select laggards, the market closed the session with strong gains, signalling continued investor confidence and robust liquidity.
The overall tone suggests a healthy market environment heading into Friday’s session, with potential for further sector rotation and strategic buying in high-performing stocks.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
