Investors Gain N8.6 Trillion as Market Cap Reaches N139.8T

Investors gained N8.6 trillion as the market capitalization of the Nigerian Exchange reached N139.8 trillion, up from N131.1 trillion the previous week. The All-Share Index (ASI) appreciated by 6.57%, closing the week at 217,167.57 points, compared to 203,770.43 points the prior week.

Trading began on a bullish note, with investors gaining N443 billion on Monday and N884 billion on Tuesday, culminating in a total gain of N2.28 trillion by Wednesday. The positive trend continued, with a N1.66 trillion gain on Thursday and a final weekly gain of N3.39 trillion.

Total turnover was 33.588 billion shares worth N195.313 billion across 254,553 deals. The financial services industry led trading volume, contributing significantly to total equity turnover.

Notably, 61 equities appreciated in price during the week, while 54 depreciated. Nationwide Express PLC recorded the largest percentage gain of 60.48%, while Coron Insurance PLC saw the largest percentage decline of 14.38%.