Nigeria Stock Market Gains 0.02% Amid Sectoral Activity

The Nigerian stock market experienced a slight rebound, rising by 0.02 per cent to extend its year-to-date return to 63.41 per cent. This increase followed a broader market trend that saw the All-Share Index (ASI) climb by 44.14 points to 254,289.35 points.

Market capitalisation expanded by N29 billion to N165.108 trillion, reflecting increased investor confidence. However, the market breadth index remained negative, with 20 stocks showing gains and 32 experiencing losses, indicating mixed investor sentiment.

Several stocks saw significant price increases, with University Press rising 9.52 per cent to N4.60, Omatek up 8.59 per cent to N1.39, and International Breweries climbing 6.47 per cent to N9.05. Zichis was the most actively traded stock, with a turnover of 127.5 million units valued at N2.2 billion.