The Nigerian stock market wrapped up yesterday’s session with a mix of results, leaning towards bullish territory as the overall capitalization increased by N1 billion.

The All Share Index (ASI) climbed by 2.00 points, a 0.002% rise, closing at 99,842.95 points. Consequently, the market capitalization grew by N1 billion, ending at N56.480 trillion.
This slight uptick was influenced by gains in medium and large-cap stocks, including Guinness Nigeria, Julius Berger, Guaranty Trust Holding Company (GTCO), Unilever Nigeria, and Cadbury Nigeria.
Measured by market breadth, the market sentiment was upbeat, with 35 stocks gaining compared to 17 losers. Champion Breweries and Veritas Kapital Assurance saw the highest price increase of 10% each, closing at N3.56 and 89 kobo per share, respectively.

R.T. Briscoe Nigeria and Royal Exchange followed suit, both gaining 9.88% to close at 89 kobo and 64 kobo per share. Similarly, R.T. Briscoe Nigeria and Chams Holding Company experienced a rise of 9.79%, closing at N2.13 per share.

Conversely, Transcorp Hotels led the decliners with a 10% drop, closing at N90.00 per share. Regency Alliance Insurance was next with an 8.51% decrease, closing at 43 kobo, while LASACO Assurance declined by 6.05% to end at N2.02 per share.
NEM Insurance saw a 5.76% decline, closing at N9.00, while Fidelity Bank dropped by 4.15% to close at N10.40 per share.

The total volume traded went down by 6.04% to 1.30 billion units, valued at N25.326 billion, exchanged in 8,364 deals. FBN Holdings (FBNH) led the activity chart with 871.084 million shares valued at N19.119 billion. Fidelity Bank followed with 162.080 million shares worth N1.732 billion, and Transnational Corporation (Transcorp) traded 33.698 million shares valued at N399.732 million.

Access Holdings exchanged 23.362 million shares valued at N442.181 million, and AIICO Insurance traded 22.640 million shares worth N21.793 million.