Friday’s trading saw the Nigerian Exchange Limited (NGX) market cap grow from ₦98.059 trillion to ₦98.792 trillion, boosting the All-Share Index (ASI) by 0.75% to 155,645.05 points. This positive momentum was driven by strong investor demand in key stocks including Aso Savings, Ikeja Hotel, Regency Alliance Insurance, Caverton Offshore, and Aradel Holdings.
Market breadth was positive with 34 gainers against 25 losers. Aso Savings topped the gainers, climbing 10% to 66 kobo, followed by Ikeja Hotel up nearly 8%. Refuge stocks like Union Dicon Salt and Neimeth Pharmaceutical faced declines of over 6-9%.
Trading volume picked up, with 1.21 billion shares worth ₦31.5 billion exchanging hands, despite a slight drop in deal count to 29,989. Fidelity Bank dominated activity charts, trading over 820 million shares worth ₦16.14 billion. Sovereign Trust Insurance and Tantalizer also featured among top active stocks.
The upbeat market signals investor confidence as Nigeria’s equities continue their bullish pace, encouraging a dynamic outlook moving forward.
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