The All-Share Index rose by 572.57 per cent, representing a gain of 0.58 per cent, to close at 99,793.71 points. Similarly, the overall market capitalisation value gained N324 billion to close at N56.452 trillion.

The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Seplat Energy, TotalEnergies Marketing Nigeria, Julius Berger, Transcorp Hotel and Flour Mills of Nigeria.

In the week ahead, Futureview Financial Services said “we anticipate a mixed sentiment in the equities market, primarily due to the enduring allure of the fixed income market among investors.

“This interest is fueled by expectations of increased rates in the NTB auction and the impending release of the inflation rate. However, amidst these factors, there remains an opportunity for sustainable growth, particularly in fundamentally strong stocks that currently find themselves in the oversold region. We foresee a selective pursuit of bargains, particularly in dividend-paying stocks, driven by the nearing corporate qualification and payment.”

Market breadth also closed positive, as 30 stocks gained relative to 10 losers. Flour Mills recorded the highest price gain of 10 per cent to close at N41.80, per share.

TotalEnergies Marketing Nigeria followed with a gain of 9.98 per cent to close at N353.60, while Access Holdings up by 9.86 per cent to close at N18.95, per share.

Chams Holding Company appreciated by 9.74 per cent to close at N1.69, while Veritas Kapital Assurance gained 9.52 per cent to close at 69 kobo, per share.

On the other hand, eTranzact International led the losers’ chart by 9.90 per cent to close at N4.55, while DAAR Communications followed with a decline of 9.52 per cent to close at 57 kobo, per share.

The market’s negative performance was driven by price depreciation in large and medium  capitalised stocks which are; Dangote Sugar Refinery, Transcorp Power, Ecobank Transnational Incorporated (ETI), Transnational Corporation (Transcorp) and FBNH Holdings (FBNH).

The All-Share Index declined by 511.02 points, representing a decline of 0.49 percent, to close at 104,136.35 points. Similarly, the overall market capitalisation value lost N289 billion to close at N58.880 trillion.

Investor sentiment, as measured by market breadth, closed negative as 20 stocks advanced, while 30 declined.

Ellah Lakes recorded the highest price gain of 10 percent to close at N3.63, per share. Morison Industries followed with a gain of 9.93 per cent to close at N1.55 and SUNU Assurance was up by 9.48 percent to close at N1.27, per share.

Caverton Offshore Support Group rose by 9.38 percent to close at N1.75, while Secure Electronic Technology gained 9.09 percent to close at 60 kobo, per share.

On the other hand, Dangote Sugar Refinery and International Energy Insurance led the losers’ chart by 10 percent each to close at N53.10 and N1.35 respectively, while Jaiz Bank followed with a decline of 9.92 percent to close at N2.18, per share.

Ikeja Hotels lost 9.72 percent to close at N5.85, while DEAP Capital Management & Trust shed 9.52 percent to close at 57 kobo, per share.

The total volume traded dipped by 39.34 percent to 306.822 million units, valued at N11.383 billion, and exchanged in 9,343 deals. Transactions in the shares of Nigeria Infrastructure Debt Fund (NIDF) topped the activity chart with 35.548 million shares valued at N4.052 billion.

Jaiz Bank followed with 23.511 million shares worth N52.573 million, while United Bank for Africa (UBA) traded 19.539 million shares valued at N519.286 million.

However, the Nigerian Breweries traded 17.435 million shares valued at N489.184 million, while Access Holdings transacted 15.285 million shares worth N363.869 million.