November 13, (THEWILL) — The Nigerian equities market extended its bullish run on Thursday, maintaining positive momentum from the previous session as key performance indicators advanced further.
Market capitalisation opened at N92.57 trillion and closed higher at N93.50 trillion, while the All Share Index (ASI) appreciated from 145,403.83 points to 156,981.17 points, reflecting renewed investor interest across major sectors.
The session ended with 56 gainers and 10 losers, indicating a sustained bullish sentiment and broad-based market participation.
Top Gainers:
CUSTODIAN advanced 10.00 percent (N35.00 to N38.50).
LINKASSURE appreciated 10.00 percent (N1.60 to N1.76)
OANDO gained 9.97 percent (N39.60 to N43.55).
NAHCO rose 9.96 percent (N96.90 to N106.55).
LEGENDINT increased 9.96 percent (N5.22 to N5.74).
Top Losers:
AUSTINLAZ declined -9.96 percent (N2.61 to N2.35).
UNIONDICON fell -9.68 percent (N7.75 to N7.00).
STERLINGNG dipped -5.81 percent (N7.75 to N7.30).
NGXGROUP dropped -5.31 percent (N55.55 to N52.60).
GUINNESS lost -5.14 percent (N175.00 to N166.00).
Unchanged Stocks:
MTN Nigeria Communications
Dangote Cement
Julius Berger
John Holt
Investor Sentiment
Investor sentiment remained broadly positive as buyers dominated the market, buoyed by confidence in select blue-chip and mid-cap stocks. The steady upward movement in market indicators suggests sustained optimism, though mild selloffs in a few counters reflected investors locking in short-term profits after recent gains.
With the market maintaining a consistent upward trend, analysts expect continued buying interest in the near term, supported by robust liquidity and renewed confidence. However, profit-taking may moderate gains in subsequent sessions as traders balance optimism with caution.
Ogochukwu Onwaeze
