Stock market bulls charged ahead Friday, lifting the NGX All-Share Index 1.76% to 152,057.38 points and market cap to N96.937 trillion—a juicy N1.673trn investor gain from last week’s 149,433.26 and N95.264trn—fueled by broad rallies despite dips in AFR Bank Value (-1.38%) and Oil & Gas (-0.17%) indices.
Trading volume dipped to 4.373bn shares worth N97.783bn in 110,736 deals versus prior week’s 6.617bn/N113.224bn, with Financial Services dominating (2.252bn shares/N47.204bn), chased by ICT (1.118bn/N13.148bn) and Oil & Gas—top dogs E-Tranzact, Access Holdings and FCMB snagging 43.93% volume.
Morison (+N1.15), Mecure (+N8.15) led 49 risers over 41 decliners like Eterna (-N5.30) and UACN (-N13.80), while NGX listed extra 140.1m units of Chapel Hill Denham’s infra debt fund, ballooning total to 1.196bn units—signaling fresh liquidity amid Nigeria’s reform-fueled rebound.
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