The Nigerian Stock Exchange (NSE) rallied strongly on Friday. Investors exchanged 1.826 billion shares valued at N20.03 billion across 20,645 deals.
This marked a sharp increase from Thursday, when 324.6 million shares worth N13.05 billion were traded in 18,328 transactions. The surge shows renewed investor confidence and strong market activity.
According to the News Agency of Nigeria (NAN), the rally reflected broad strength across sectors, with both trading volume and value rising significantly.
Top Performers and Market Highlights
Access Corporation led the market, trading 103.29 million shares valued at N2.17 billion. Meanwhile, the overall market gained N179 billion in value by close of trading.
Market capitalisation rose 0.20% to N91.286 trillion, up from N91.107 trillion on Thursday. Similarly, the All-Share Index climbed 281.30 points to 143,520.53, reflecting optimism among investors.
Leading Gainers
Investors favored stocks such as Ikeja Hotel, NGX Group, Academy Press, Omatek, and Cadbury, along with 28 other advancing stocks:
- Ikeja Hotel rose 10% to N30.25.
- NGX Group climbed 9.98% to N56.20.
- Academy Press increased 9.70% to N7.35.
- Omatek Ventures gained 9.35% to N1.17.
- Cadbury appreciated 8.63% to N57.90.
Leading Losers
Some stocks fell despite the rally:
- Abbey Mortgage Bank dropped 10% to N5.85.
- Meyer lost 9.97% to N13.10.
- Sunu Assurances decreased 9.89% to N3.92.
- Sovereign Trust Insurance fell 9.09% to N2.70.
- Linkage Assurance dropped 8.02% to N1.72.
Market Overview
The year-to-date return reached 39.44%. Market breadth closed positive, with 33 gainers and 21 losers. These figures indicate strong investor confidence and continued growth in Nigeria’s equities market.
