Lionel Messi becomes FIFA World Cup all-time leading scorer

Nigerian equities market gains N1.52 trillion as banking stocks rally

The Nigerian equities market experienced a strong rebound, gaining N1.518 trillion after several consecutive sessions of losses. The NGX All-Share Index increased by 0.97 percent, closing at 238,219.19 points, and market capitalization rose to N152.845 trillion. This upturn was primarily driven by price appreciation in large and medium-capitalized stocks, including MTN Nigeria Communications, Guaranty Trust Holding Company, Zenith Bank, FBN Holdings, and Lafarge Africa. Despite the overall market gain, market breadth was negative, with 35 declining stocks outnumbering 17 advancing stocks. FBN Holdings and GTCO were among the top gainers, each rising by 10 percent. Conversely, FTN Cocoa Processors led the decliners with a 10 percent drop. The total traded volume increased by 11.07 percent to 489.096 million units, valued at N36.493 billion, with Fidelity Bank, United Bank for Africa, and Access Holdings leading the activity chart.