Nigerian Equity Market Gains N8.66 Trillion in 5 Days

The Nigerian equity market saw a robust rally, with investors gaining N8.66 trillion within five days. The benchmark NGX share index advanced by 6.57%, closing at 217,167.57 points, compared to 203,770.43 points the previous week.

Market capitalization increased by 6.60%, reaching N139.83 trillion, with a notable improvement of N1.36 trillion from the prior week. Year-to-date returns strengthened to 39.53%, reflecting sustained positive market momentum.

The market breadth closed positively with 61 gainers against 36 decliners, indicating broad-based interest. Trading activity was robust, with total trade volume rising by 10.94% and total trade value increasing by 6.75% week-on-week.

A total of 3.588 billion shares valued at N195.313 billion were exchanged across 254,553 deals. The financial services industry led trading volume, contributing 69.62% of total equity turnover, followed by the oil and gas sector, which increased by 17.59% week-on-week.