Nigerian Stock Market Gains N3.84 Trillion in One Week, NGX Index Surges
Nigerian investors gained N3.84 trillion in one week, with the Nigerian stock market experiencing a surge in market capitalization to nearly N104 trillion. The NGX All-Share Index closed the week at 162,298.08 points, reflecting a strong performance and boosting investor confidence.
Market breadth ratio was positive at 3.82x, indicating more advancing stocks than declining ones. Various sectors, including insurance, industrial goods, oil and gas, commodities, banking, and consumer goods, performed well.
The Chartered Institute of Stockbrokers (CI) and other industry bodies praised the Nigerian Stock Exchange for reaching a market capitalization milestone of N100 trillion.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Equities Investors Gain $3 Billion in Weekly Surge
Nigerian Stock Market Surges as Investors Gain N1.42 Trillion on NGX
Nigerian Stock Market Gains N2.6 Trillion, Maintains Positive Momentum
Nigerian Stock Market Gains as Investors Drive Higher Close
Nigerian Market Soars by N2.44 Trillion in One Week, Driven by ICT and Banking Sectors
Nigerian Stock Market Sees Increased Trading Activity, All-Share Index Slightly Down
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
