The Nigerian stock market continued its bullish trend on Thursday, gaining N406 billion.
Market capitalisation rose by N406 billion, or 0.48 per cent, to close at N84.262 trillion, compared to N83.856 trillion recorded on Wednesday.
Similarly, the All-Share Index (ASI) climbed 642.57 points or 0.48 per cent, reaching 133,200 from 132,557.43 recorded earlier.
The upward trend was driven by strong buying interest in medium- and large-capitalised stocks, including Academy Press, FTN Cocoa, RT Briscoe, Guinness Nigeria, and 42 others.
Also, the market breadth closed positively with 46 gainers and 33 losers.
Academy Press led the gainers’ chart, climbing by 10 per cent and closing at N8.47, while FTN Cocoa Processors also gained by 10 per cent, settling at N6.60 per share.
Sovereign Trust Insurance increased by 10 per cent, ending the session at N1.43, and RT Briscoe soared by 9.97 per cent, finishing at N3.75 per share.
Also, Guinness Nigeria rose by 9.97 per cent, closing at N106.45 per share.
On the flip side, ABC Transport dropped by 10 per cent, ending the session at N4.59, while John Holt also decreased by 10 per cent, closing at N8.10 per share.
Union Dicon Salt fell by 10 per cent, settling at N9.00 and Industrial and Medical Gases lost by 9.89 per cent, finishing at N38.25 per share.
Similarly, Secure Electronic Technology shed by 9.71 per cent, closing at 93k per share.
A total of 818.39 million shares, worth N22.67 billion, were exchanged across 22,955 transactions.
This is in contrast to 681.24 million shares worth N17.02 billion that were exchanged across 26,931 transactions earlier on Wednesday.
Transactions in the shares of Ja Paul Gold led the activity chart with 83.79 million shares worth N231.76 million.
United Bank for Africa followed with 73.09 million shares valued at N3.41 billion, while Access Corporation transacted 65 million shares worth N1.85 billion.
Consolidated Hallmark Holdings sold 55.71 million shares valued at N169.1 million, and Nigerian Breweries traded 41.11 million shares worth N2.97 billion.
