The Nigerian Exchange Limited (NGX) closed the week on a high note, as investors gained N1.105 trillion, pushing market capitalisation past N110 trillion.
The All-Share Index climbed 1,722.13 points (1.01%) to settle at 171,727.49, bringing the year-to-date return to 10.36%. Strong demand drove stocks like Nigerian Aviation Handling Company, Deap Capital Management, Omatek Ventures, and Zichis Agro Allied Industries to the top gainers’ list.
Market breadth was positive, with 60 gainers against 19 losers. Nigerian Aviation Handling Company, Deap Capital, and Omatek Ventures all gained 10%, while The Initiates, Daar Communications, and United Capital led decliners.
Trading activity surged, with 953.8 million shares valued at N43.1 billion exchanged across 51,005 deals—a 34% increase in volume and 94% rise in turnover compared to the previous session. Fidelity Bank recorded the highest trading volume with 92.39 million shares, while Presco topped in value with N11.27 billion traded.
The market’s strong performance reflects investor confidence and robust trading activity, signaling optimism for the Nigerian economy and capital market growth.
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