استمتع بـUnlimited مع Magzter GOLD
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Stocks Push Higher as GTCO, ACCESSCORP Dominate Trade Charts
The BusinessNG
|The Business NG
Market eyes 110,000 mark as investor sentiment holds strong despite volume drop
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The Nigerian equities market continued its bullish ascent on Thursday, May 16, with the benchmark All-Share Index (ASI) climbing 242.71 points to close at 109,710.37—a 0.22% increase that positions the bourse just shy of the psychologically significant 110,000 mark. This performance builds on a week of steady advances, supported by investor interest in bellwether banking stocks and a solid outing by select consumer and industrial counters.
Despite the uptrend, overall market activity decelerated. Total volume traded dropped by a steep 40.8% to 431.7 million shares, down from the prior day's 729.8 million. Still, the mood remained upbeat, with the total market capitalisation inching up to N68.9 trillion, supported by price gains in both midand large-cap equities.
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Panic Selloffs, FX Fears Hammer Banking Stocks, ASI Down 3.5%
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GDP Debate: Analysts Split on Nigeria's Q3 Performance
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