Nigerian Stock Market Closes Marginally Higher As 26 Stocks Advance

• Market capitalisation rose by ₦21 billion to ₦160.833 trillion.

• The All-Share Index gained 33.48 points to close at 247,707.13.

• Market breadth remained positive, with 26 gainers against 24 decliners.

October 15, (THEWILL) – The Nigerian equities market closed marginally higher on Thursday, as gains in 26 stocks outweighed losses in 24 others, lifting the market capitalisation by ₦21 billion to ₦160.833 trillion.

The market opened with a capitalisation of ₦160.812 trillion before edging up at the close. Similarly, the All-Share Index (ASI) advanced by 33.48 points, from an opening level of 247,673.65 to 247,707.13.

Despite the positive close, the market recorded a relatively narrow advance, with gainers exceeding decliners by just two stocks, suggesting a mixed trading session.

Top Gainers

• Multitrex advanced by 10.00 percent (from ₦0.50 to ₦0.55).
• Followed by Zichis, which gained 10.00 percent (from ₦16.30 to ₦17.93).
• Austin Laz rose by 9.92 percent (from ₦2.42 to ₦2.66).
• CWG gained 9.86 percent (from ₦18.25 to ₦20.05).
• Omatek appreciated by 9.77 percent (from ₦1.33 to ₦1.46).

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On the losing side

• Enamelware plunged by 9.95 percent (from ₦40.70 to ₦36.65)
• NASCON declined by 9.48 percent (from ₦188.90 to ₦171.00).
• Thomas Wyatt fell by 6.38 percent (from ₦2.35 to ₦2.20).
• Followed by DAAR Communications, which shed 6.37 percent (from ₦1.57 to ₦1.47).
• Legend Internet lost 5.80 percent (from ₦3.45 to ₦3.25).

Meanwhile, Dangote Cement, HBM Nigeria, Custodian Investment, Julius Berger and Champion Breweries, among others, closed flat.

The market’s marginal gain reflects a cautiously positive session, supported by a slightly higher number of advancing stocks. However, the narrow gap between gainers and decliners, alongside significant losses in selected stocks, points to mixed investor sentiment.

Ogochukwu Onwaeze, THEWILL

Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.

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