The Nigerian equities market opened trading in the New Year with a gain of N154 billion for investors on Thursday.

This followed a surge in the share prices of stocks like MANSARD, NCR, and CORNERST amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization rose to ₦62.9 trillion from ₦62.7 trillion recorded by the bourse on December 31, 2024.

The benchmark All-Share Index (ASI) increased to 103,180.14 from 102,926.40 recorded on Tuesday.

The market breadth was positive as 58 stocks advanced and 8 stocks declined, while 56 stocks remained unchanged in 11,752 deals.

MANSARD, NCR, and CORNERST led other gainers with 10% growth each in share prices to close at N9.02, N5.50, and N3.96 from the previous N8.20, N5.00, and N3.60 per share.

READ ALSO: Eunisell, John Holt, Flourmill, Tantalizers others top list of stocks to watch this week

ELLAH LAKES, NASCON, and CWG led other price decliners with 4.75%, 4.31%, and 3.35% decline each in share prices to close at N3.01, N30.00, and N7.45 from the previous N3.16, N31.35 and N7.70 per share

On the volume index, ROYALEX led trading with 290 million shares in 154 deals followed by CHAMS which traded 63 million shares in 329 deals.

AIICO traded 58 million shares in 183 deals.

On the value index, ROYALEX traded stocks worth N318 million in 154 deals followed by CHAMS which traded equities worth N130 million in 329 deals.

AIICO traded shares valued at N90 million in 183 deals.

By: Babajide Okeowo

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