The bullish momentum on the Nigerian Exchange (NGX) continued on Friday with investors pocketing ₦384 billion in fresh gains as market sentiment stayed upbeat.

The All Share Index (ASI) advanced from 142,979.46 points to 143,584.04 points, while market capitalization climbed to ₦91.1 trillion, up from ₦90.7 trillion in the previous session.

Market breadth closed positive with 39 gainers against 25 losers, while 83 equities closed unchanged.

Top Gainers

UACN Plc (+10.00%)
Nigerian Enamelware Plc (+9.97%)
Ellah Lakes Plc (+9.96%)

Top Losers

Julius Berger Plc (-9.96%)
Thomas Wyatt Plc (-9.50%)
John Holt Plc (-9.43%)

Market Activity

United Bank for Africa (UBA) dominated trading, emerging as both the most traded stock by volume and value. The lender accounted for 80 million shares worth ₦3.4 billion across 1,142 deals.

Outlook

Analysts say the sustained rally underscores renewed investor confidence and liquidity inflows, although the presence of notable decliners signals that the upswing remains selective. Market watchers expect upcoming earnings releases and macroeconomic indicators, particularly interest rate movements and foreign exchange stability, to shape near term direction.