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Find out more as NGX rises 1.6% as banking stocks fuel market rally

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The Nigerian Exchange closed the week with its All-Share Index climbing to 247,357.40 points, driven by strong trading activityFinancial Services stocks led the market, with First Holdco Plc, Access Holdings Plc, and GTCO Plc accounting for nearly half of total trading volumeMarket breadth improved as 57 equities recorded gains during the week, up from 44 in the previous trading week

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 Exchange (NGX) ended the week on a positive note, with the All-Share Index (ASI) gaining 1.60% to close at 247,357.40 points. Market capitalisation also grew by 1.61%, settling at N159.588 trillion.

Total equity turnover for the week reached 4.433 billion shares, valued at N306.143 billion across 255,589 deals.

This represents a significant jump from the previous week, when 2.819 billion shares worth N182.499 billion changed hands

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