The Nigerian equities market closed in positive territory, gaining 0.56%.
Bullish sentiment prevailed in the Nigerian equities market as it closed in positive territory with a gain of 0.56%. The market capitalization now stands at 72.31 trillion naira. A total of 127 listed equities exchanged hands on the Nigerian Exchange, with 31 stocks closing in the green, outpacing 28 decliners.
Special Glass Company emerged as the top performer of the day, surging by 10% to close at 231 naira and 10 kobo per share, followed closely by Associated Bus Company. Today's session saw robust activity, with 471 million shares traded across 20,538 deals, amounting to a market value exceeding 14 billion naira.
On the international front, major indexes on Wall Street ticked upward on Wednesday. A cooler-than-expected US inflation report helped ease fears of tariff-induced price hikes, boosting investor confidence. As a result, almost all global indices closed in positive territory as markets await further signals from US-China trade negotiations.
In the currency markets, the US dollar is trading at 1,565 naira, the British pound sits at 2,015 naira, and the euro trades at 1,217 naira on the black market.
That's all for today's business and stock market updates.
