Despite fewer trading days, the stock market surged — delivering big gains and renewed investor confidence.
Nigeria’s stock market wrapped up the week on a strong note, with the Nigerian Exchange Ltd. (NGX) posting a 1.39% rise in both the All-Share Index and market capitalisation.
The benchmark index climbed to 201,156.86 points, while total market value hit N129.13 trillion — up from N127.36 trillion the previous week. That rally translated into a massive N1.77 trillion gain for investors, even with just three trading sessions due to Eid-el-Fitr holidays.
Market activity was buzzing. A total of 8.76 billion shares worth N267.25 billion changed hands, significantly higher than the previous week’s figures.
The ICT sector stole the spotlight, accounting for over 60% of total traded volume, followed by financial services and consumer goods.
Top-traded stocks included:
E-Tranzact International Plc
FCMB Group Plc
Wema Bank Plc
Together, they dominated nearly 70% of total trading volume.
Big winners of the week:
John Holt
BUA Cement
Premier Paints
Zenith Bank
Learn Africa
Top losers:
Zichis Agro-Allied
Presco
Daar Communications
Eterna
Red Star Express
Sector performance was largely positive, though some indices — including oil & gas, consumer goods, and insurance — dipped slightly.
In addition, the NGX expanded its offerings with new futures contracts and added fresh units to the Chapel Hill Denham Nigeria Infrastructure Debt Fund, boosting market depth.
Overall, it was a bullish, high-energy week for equities — showing resilience and strong investor appetite despite a shortened trading window.
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