The Nigerian Stock Market extended its bullish run as investors raked in N138 billion in gains on Thursday.

This comes as the Nigerian Exchange Limited market capitalization rose by 0.13 percent to close at N102.822 trillion.

Thursday’s performance marked the 19th consecutive bullish session on the Nigerian Exchange, underscoring persistent buying interest across selected stocks and increased investor confidence.

Market data showed that gains in Neimeth International Pharmaceutical, May and Baker, Etranzact International, Multiverse Mining, Mecure, and 27 other stocks lifted the market into positive territory.

The All-Share Index advanced by 214.80 points, or 0.13 percent, closing at 160,806.56 on Thursday from 160,591.76 recorded on Wednesday.

In spite of the overall gain, market breadth closed negative, with 41 decliners outweighing 32 advancers at the end of trading.

International Energy Insurance led the losers, shedding 9.90 percent to close at N2.73 per share, followed by ABC Transport, Austinlaz, Conoil, and Veritas Kapital Assurance.

Market activity declined, as investors traded 645.06 million shares valued at N16.4 billion in 44,410 transactions compared with 1.44 billion shares worth N20.7 billion exchanged in 49,286 deals recorded during Wednesday’s session.

Accordingly, Chams led trading by volume, exchanging 60.5 million shares valued at N236.8 million, followed by Linkage Assurance with 54.1 million shares worth N97.6 million traded during the session.

Access Corporation traded 35.5 million shares valued at N815.4 million on the exchange. Champion Breweries was also featured, with 31.3 million shares worth N519.1 million exchanged.

Zenith Bank recorded the highest value traded at N1.51 billion, accounting for 9.15 percent of total market value.

DAILY POST reports that President Bola Ahmed Tinubu on Thursday hailed NGX for surpassing the N100 trillion milestone.