Nigerian Equity Investors Gain N5.5 Trillion in One Week

In a remarkable week for equity investors, the Nigerian market saw a gain of N5.5 trillion, with market capitalization soaring to N145.3 trillion from N139.8 trillion the previous week. The All-Share Index (ASI) appreciated by 3.94%, closing at 225,722.49 points, up from 217,167.57 points.

The week began on a bullish note, with investors gaining N608 billion on Monday, followed by gains of N88 billion on Tuesday, N861 billion on Wednesday, and a significant N2 trillion on Thursday. By Friday, the market closed positively again, totaling a gain of N1.8 trillion for the week.

The total turnover was 3.805 billion shares worth N213.955 billion across 297,202 deals. The financial services industry led in trading volume, while UAC Nigeria PLC experienced the largest share price increase of 42.00%.

Conversely, Infin Trust Mortgage Bank PLC recorded the largest decline at 50.79%.