Taking a closer look at the individual stock performances, AbbeyBDS, Chams, and NASCON stood atop the gainers’ table, showcasing remarkable share price appreciation. Sky Aviation and Dangote Sugar also performed well, gaining nearly 10 per cent in their share value, adding to the bullish sentiment.
Conversely, paper company Thomas Wyatt and TIP experienced a decline in their market value by 10 per cent. UPL, Omatek, and John Holt also witnessed a dip in their share value, albeit not as severe as the losers at the top.
In a recent conversation with The PUNCH, Garba Kurfi, the Managing Director/CEO of APT Securities, displayed optimism about the equity market’s future, despite some listed companies underperforming in their half-year reports. Kurfi highlighted two reasons for his positive outlook: the impressive performance of many companies beyond expectations and the inflationary economic conditions driving the rally in small-cap and penny stocks.
