Nigerian Equities Market Surges 4.48% to Close Week Bullish

The Nigerian equities market closed the week with a 4.48% increase in the All-Share Index (ASI), reaching 155,645.05 points. Market capitalization rose to ₦98.793 trillion, showing strong bullish momentum.

Financial services and industrial sectors led trading activity, with a total turnover of 3.695 billion shares valued at ₦129.889 billion. The sentiment was mostly positive with 44 gainers against 49 decliners.

However, select bank and insurance stocks experienced mild profit-taking towards the end of the week, indicating cautious investor sentiment.