January 29, (THEWILL) — The Nigerian equities market ended Thursday’s trading on a positive note, as market capitalization rose from N105.736 at the open to N105.969 at the close.
Meanwhile, the NGX All-Share Index (ASI) remained flat at 165,164.38, indicating that gains in several stocks were largely offset by declines in others.
Market breadth was positive, with 41 gainers against 27 losers, reflecting improved buying interest across a broad range of equities.
The top gainers for the day include:
RTBRISCOE 10.00 percent (N6.50 to N7.15).
SCOA 9.91 percent (N28.75 to N31.60).
DEAPCAP 9.91 percent (N9.49 to N10.43)
VERITASKAP 9.85 percent (N2.03 to N2.23).
ZICHIS moved up 9.80 percent (N3.47 to N3.81).
The top losers include:
HMCALL -9.84 percent (dropping from N4.37 to N3.94).
UNIONDICON -9.79 percent (from N9.70 to N8.75).
UPL -8.00 percent (N6.25 to N5.75).
LEGENDINT -7.56 percent (from N5.95 to N5.50).
AUSTINLAZ -7.50 percent (from N4.00 to N3.70).
Several heavyweight stocks closed unchanged for the day, including MTN Nigeria Communications, Dangote Cement, Lafarge Africa, Seplat Energy, Okomu Oil Palm, and Presco Plc, providing stability to the broader market.
Overall, Thursday’s session reflected renewed investor confidence, with buying activity dominating across multiple stocks despite pockets of profit-taking.
Ogochukwu Onwaeze
