Investors at the Nigerian Exchange Limited had a profitable week, with a significant increase in market capitalization of N146.95 billion. The All-Share index closed at an impressive 104,647.37 points on Friday, reflecting a gain of 259.90 points.
This positive development has boosted investors’ confidence, with the total market capitalization reaching N59.17 trillion by the end of trading on Friday. The financial sector played a key role in driving the market gains, with NSLTECH leading the pack of 34 advancing stocks by recording a notable 10% increase in its stock value.
However, not all stocks saw gains, as IKEJAHOTEL and PZ experienced a 10% decline each, making them the least favorable performers among the 14 stocks that saw a decrease in value.
In terms of trading activity, ACCESSCORP was the most traded stock of the day, while GTCO stood out in terms of value traded. The market sentiment remained positive, with a total of 9,574 deals executed during the day, showing an increase from the previous session’s 8,790 deals.
The total volume of shares traded also saw a significant surge, with a 49.99% increase from the previous session. This resulted in a total of 505.19 million units traded, up from 336.82 million units. ACCESSCORP led the volume of trades with 75.78 million units, followed by FBNH with 75.09 million units, GTCO with 64.12 million units, ZENITH BANK with 47.66 million units, and FIDELITY BANK with 37.53 million units.
Overall, the Nigerian Exchange Limited witnessed a positive week, with investors reaping the benefits of a bullish market.
