Investors are still betting big on Nigeria’s stock market—Thursday marked the 19th straight day of gains, pumping N138 billion into market cap for a 0.13% jump to N102.822 trillion.
All-Share Index climbed 214.80 points to 160,806.56, fueled by standouts like Neimeth International Pharma (+10% to N7.70), May & Baker (+9.85% to N26.20), Etranzact (+9.64% to N13.65), Multiverse Mining (+9.51% to N21.30), and Mercure (+9.42% to N74.95)—despite 41 decliners like International Energy Insurance (-9.90% to N2.73).
Volume dipped to 645 million shares worth N16.4 billion in 44,410 deals (down from Wednesday’s 1.44 billion/N20.7bn), with Chams (60.5m shares), Linkage Assurance (54.1m), and Zenith Bank (top value at N1.51bn) leading action. Analyst notes selective buying amid cautious vibes.
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