Nigerian stocks climb for ninth trading day but trade stays muted

stretched their gaining run for the ninth successive trading day on Thursday, pushing the main equity index by 0.18 per cent.

But liquidity remains low as the average daily transaction volume since 2022 turned still straggles far behind pre-pandemic levels. The figure for the day was weaker by as much as 30 per cent compared to the previous session’s. The Oil & Gas Index surged 1.61 per cent, leading the pack of the five sector indexes tracked by the exchange, and that was thanks to huge demand for shares in Oando as well as Eterna.

, which measures investors’ sentiment towards trade, was positive as 29 advancers reported against 9 losers.

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