The Nigerian stock market showed resilience yesterday. The All-Share Index (ASI) recovered from the previous day’s decline, rising by 310.13 points.
- Index Movement: The ASI increased by 0.32%, closing at 97,025.17 points, up from the previous day’s 96,715.04 points. This rebound follows a slight decline of 0.09% on Wednesday.
- Market Capitalization: The market capitalization grew by 0.32%, reaching N55.75 trillion from N55.57 trillion. This uptick was fueled by strong performances from major stocks such as First Bank and NESTLE, which saw gains exceeding 9%.
- Top Gainers: CAVERTON led the gainers with a significant increase of 10.00%.
- Top Losers: DAAR Communications (DAARCOMM) topped the losers’ list, falling by 8.86%. Other notable decliners included ETERNA, which dropped by 8.14%, and Universal Insurance (UNIVINSURE), which fell by 7.69%.
The overall market recovery reflects a positive shift in investor sentiment despite recent fluctuations.
