Market capitalisation on the Nigerian Exchange rose to N127.36 trillion as the market closed the week on a positive note, reflecting renewed investor confidence.
The benchmark NGX All-Share Index advanced by 0.73 per cent to settle at 198,407.30 points, supported largely by bargain-hunting activities, even as trading volumes experienced slight fluctuations.
During the week, a total of 3.321 billion shares valued at N164.845 billion were traded in 318,907 deals. This represents a modest decline compared to the previous week’s 3.695 billion shares worth N177.687 billion exchanged in 394,000 deals.
Sectoral performance showed the Financial Services industry maintaining dominance, accounting for 65.61 per cent of total trading volume and 36.28 per cent of total value. This was followed by the Oil and Gas and Consumer Goods sectors, which also recorded notable activity.
Trading in top equities, including Access Holdings Plc, Fortis Global Insurance Plc, and First Holdco Plc, contributed significantly, accounting for 20.39 per cent of the total equity turnover volume.
The broader market recorded gains across multiple indices, with the NGX Industrial Goods Index surging by 5.73 per cent, while the NGX Main Board Index rose by 1.99 per cent, reflecting strength in key segments of the market.
Alternative investment segments also attracted increased interest. Exchange Traded Products saw 4.426 million units traded valued at N741.652 million, while the bond market recorded 84,691 units worth N87.531 million.
In corporate developments, Linkage Assurance Plc activated the trading code for its rights issue of 12.32 billion ordinary shares priced at N1.32 per share, marking a significant move in its capital-raising efforts.
Despite the overall positive trend, market breadth remained mixed, with 34 equities gaining, 61 declining, and 53 closing unchanged. This reflects a dynamic trading environment as investors continue to navigate opportunities in Nigeria’s evolving capital market.
