Nigerian Stock Market Reverses Losses, Gains N285 Billion

The Nigerian stock market saw a positive end to the week with a N285 billion gain, reversing four days of losses. The benchmark NGX All-Share Index rose by 0.29% on Friday, closing at 154,126.45 points.

Notable contributors to the market activity were Cornerstone Insurance (NGX: CORNERST) and Access Bank (NGX: ACCESSCORP). The market capitalization increased to N97.83 trillion, with a year-to-date return of 49.74%.

The total volume of transactions surged to 553.57 billion shares valued at N45.16 billion across 30,598 deals. Bala Mohammed of the Monetary Policy Committee projected stability in the Naira amidst declining speculative activities.