Equities Mixed as Market Cap Slips, ETPs Outperform

Nigeria’s financial markets closed mixed on Thursday with equities easing slightly, fixed income marginally higher, and Exchange-Traded Products (ETPs) delivering the strongest performance of the day.

Equity capitalization declined by 0.52 percent to ₦105.88 trillion, despite the benchmark All-Share Index firming to 166,256.83 points. Fixed income instruments advanced by 0.09 percent to ₦51.63 trillion, while ETPs surged 8.06 percent to ₦89.17 billion.

The mixed performance reflects continued rotation and cautious sentiment among investors, with capital tracking relative value across asset classes.

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