The Nigerian stock market surged on Friday, with investors trading 1.826 billion shares worth N20.03 billion across 20,645 transactions. This marks a sharp rise from the previous day’s activity, which saw 324.6 million shares valued at N13.05 billion exchanged in 18,328 deals. The increase is attributed to renewed investor confidence, as the market displayed broad strength and a notable jump in both volume and value.
Access Corporation led the activity chart, trading 103.29 million shares valued at N2.17 billion. The bullish trend continued, adding N179 billion to market value by the close of trading. Consequently, market capitalization rose by N179 billion, or 0.20 percent, to N91.286 trillion, up from N91.107 trillion the day before. The All‑Share Index also climbed 281.30 points, or 0.20 percent, finishing at 143,520.53.
The market’s uplift was driven by interest in stocks such as Ikeja Hotel, NGX Group, Academy Press, Omatek, and Cadbury, among 28 other advancing shares. Year‑to‑date returns increased to 39.44 percent, and market breadth closed positive with 33 gainers and 21 losers. Ikeja Hotel led the gainers, rising 10 percent to N30.25, followed by NGX Group, which gained 9.98 percent to N56.20. Conversely, Abbey Mortgage Bank headed the losers, dropping 10 percent to N5.85, while Meyer fell 9.97 percent to N13.10.
The market’s positive performance reflects growing investor confidence in the Nigerian economy. As resilience continues, investor interest is likely to remain strong, driving further growth and development in the sector. The year‑to‑date return of 39.44 percent underscores the market’s potential for growth and investment opportunities.
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