Market Extends Gains as Premier Paints, Zichis Agro Top Advancers
The market’s year-to-date return rose to 29.14%, despite a negative market breadth, with 36 stocks declining against 30 advancers.
Premier Paints and Zichis Agro Allied Industries led the gainers, each surging 10% to close at ₦34.10 and ₦12.54 per share, respectively. They were closely followed by Legend Internet, John Holt, and McNichols.
On the downside, University Press recorded the steepest loss, falling 9.17% to ₦5.45 per share. Other notable decliners included Sunu Assurances, Veritas Kapital Assurance, FTN Cocoa Processors, and NGX Group.
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Trading activity picked up, with total volume climbing 26.05% to 678.13 million shares, valued at ₦33.14 billion across 42,222 deals. Access Corporation recorded the highest traded volume at 134.59 million shares, representing 19.85% of total transactions, while MTN Nigeria led in value terms with trades worth ₦11.06 billion, or 33.38% of the day’s turnover.
The latest gains continue the positive momentum from earlier in the week, following investor gains of ₦141 billion and ₦1.09 trillion in the previous two sessions.
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