Banking and Insurance Stocks Drive Nigerian Exchange to Weekly Gain

The Nigerian stock market witnessed a positive week as banking and insurance stocks propelled the NGX to a weekly gain. The total turnover reached 4.607 billion shares valued at N130.636 billion, with 263,439 deals recorded on the floor of the Nigerian Exchange.

Financial services led the trade activity with 3.126 billion shares valued at N47.225 billion. The top three equities in terms of volume were Sovereign Trust Insurance Plc, Access Bank Plc, and Linkage Assurance Plc.

The NGX share index and market capitalization appreciated by 2.36% and 2.48%, respectively, closing the week at 166,129.50 points and N106.354 trillion.