May 08, (THEWILL) — The Nigerian equities market closed on a strong note on Friday, as renewed buying interest across key counters pushed the benchmark indices sharply higher.
Market capitalisation rose from ₦153.858 trillion to ₦157.094 trillion, representing a ₦3.236 trillion gain, while the NGX All-Share Index (ASI) advanced from 239,734.61 points to 244,775.83 points.
The positive performance was supported by broad investor participation, with the market recording 45 gainers against 31 losers during the trading session.
Price Movement
Top Gainers
1. Dangote Cement Plc gained 10.00 percent, (rising from ₦989.10 to ₦1,088.00).
2. Cadbury Nigeria Plc advanced 10.00 percent, (increasing from ₦66.00 to ₦72.60).
3. Neimeth International Pharmaceuticals Plc appreciated 10.00 percent, (moving from ₦9.00 to ₦9.90).
4. LivingTrust Mortgage Bank Plc rose 10.00 percent, (from ₦3.20 to ₦3.52).
5. Mecure Industries Plc gained 10.00 percent, climbing (from ₦66.00 to ₦72.60).
Top Decliners
1. Industrial and Medical Gases Nigeria Plc fell 10.00 percent, (declining from ₦47.00 to ₦42.30).
2. UACN Plc dropped 10.00 percent, (from ₦190.00 to ₦171.00).
3. Eterna Plc shed 9.93 percent, (easing from ₦37.25 to ₦33.55).
4. Learn Africa Plc declined 9.89 percent, (from ₦9.10 to ₦8.20).
5. Deap Capital Management & Trust Plc lost 9.69 percent, (dropping from ₦6.09 to ₦5.50).
Meanwhile, Seplat Energy Plc, Custodian Investment Plc, Julius Berger Nigeria Plc, Golden Guinea Breweries Plc, and Guinness Nigeria Plc, among others, closed flat for the session.
Overall, the strong gains in large-capitalisation stocks, particularly Dangote Cement, helped lift the broader market indices, reflecting improved investor sentiment at the close of the week.
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.
