The Nigerian Exchange (NGX) closed higher on Friday as renewed interest in blue-chip stocks lifted market capitalization by ₦618 billion to ₦89.96 trillion. The All-Share Index (ASI) also rose by 983.99 points to 142,133.03.

Market breadth was positive with 36 gainers against 23 losers.

Top gainers: Thomas Wyatt (+10%), The Initiates (+9.98%), Eunisell Interlinked (+9.98%).

Top losers: Fidelity Bank (–10%), Custodian Investment (–8.90%), Cutix (–8.31%).

Investors traded 518.7 million shares worth ₦18.05 billion, a sharp drop from the previous day’s 5.5 billion shares. Abbey Mortgage Bank, Zenith Bank, and Stanbic IBTC led activity.

Analysts say the bullish momentum reflects confidence in medium- and large-cap stocks, though low turnover signals cautious trading ahead of Q3 earnings.