Nigerian Equities Market Gains N6.7 Trillion in One Week

The Nigerian equities market experienced a substantial gain of N6.7 trillion within one week, with the share index appreciating by 6.16% to close at 182,313.08 on Friday. The market began on a bullish note on Monday, with investors gaining N1.42 trillion by the end of Tuesday's trading session.

Subsequent days saw continued positive performance, with gains of N1.8 trillion on Wednesday, N851 billion on Thursday, and N283 billion on Friday, culminating in a total gain of N2.3 trillion. The total trading volume for the week was 4.652 billion shares valued at N193.326 billion across 286,751 deals.

In contrast, the previous week saw 3.860 billion shares valued at N128.581 billion exchanged over 240,463 deals. The financial services industry led the trading volume with 2.782 billion shares worth N74.063 billion.

Zichi Agro Allied Industries Plc recorded the largest share price increase of 60.71%, while Abbey Mortgage Bank Plc faced the largest decline, shedding 26.42% of its share price.