Nigerian Stock Exchange ASI Rises 1.35% as Market Ends Week Higher

The Nigerian Stock Exchange All-Share Index (ASI) rose by 1.35% at the end of the trading week, with market capitalization increasing by 1.36%. The financial services sector was the most active, with a total turnover volume of 1.662 billion shares worth N32.565 billion.

Top traded equities included Consolidated Hallmark Group Plc, Fidelity Bank Plc (NGX: FIDELITYBK), and Access Bank Plc (NGX: ACCESSCORP). Despite the positive market performance, the Nigerian Naira has been losing ground in recent weeks, affecting exchange rates.

Market analysts expect the poor performance to continue without intervention.