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The Nigerian Exchange posted a strong weekly performance, with the All-Share Index rising 6.35% as investors gainedFinancial Services stocks dominated trading, accounting for 79.48% of total turnover volume, led by First HoldCo, Zenith Bank, and Fidelity BankMarket sentiment improved significantly as 60 stocks advanced against 28 losers, with International Breweries emerging as the week’s biggest gainer
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian equity market extended its bullish run during the week as investors added to the market value of listed companies, driven by renewed buying interest in banking and consumer goods stocks.
Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) advanced by 6.35% to close the week at 243,798.76 points, while market capitalisation rose to N156.445 trillion.
Nigerian Exchange closes higher with 60 stocks posting gains Photo: NurphotoSource: Facebook
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