The Nigerian Exchange (NGX) closed the week on a strong note as investors recorded a ₦1.26 trillion gain in market capitalization, driven by renewed confidence and active trading across key sectors.
The All-Share Index (ASI) rose by 1.35%, while market capitalization increased from ₦93.30 trillion to ₦94.56 trillion. A total of 2.42 billion shares worth ₦76.62 billion were traded in 126,591 deals, slightly below the previous week’s ₦90.28 billion turnover.
The Financial Services sector led activity with 1.66 billion shares valued at ₦32.57 billion, followed by the ICT and Services sectors.
Top traded stocks included Consolidated Hallmark Holdings, Fidelity Bank, and Access Holdings, which together accounted for 618.55 million shares worth ₦9.22 billion.
Market sentiment remained positive, with 52 gainers, 41 losers, and 53 unchanged equities. Leading gainers were Sovereign Trust Insurance, Royal Exchange, and Omatek Ventures, while Tripple Gee and Academy Press topped the losers’ chart.
Analysts attribute the rally to improved investor sentiment and corporate earnings expectations but warn of possible profit-taking in the coming sessions.
