NGX extends weekly rally as market gains N8.137trn
Naija News • 6d ago
The Nigeria stock market closed last week in a positive trajectory, advancing by N8.137 trillion as stronger investors confidence and heightened trading activity pushed prices higher.
Total market capitalization of listed equities expanded by 6.95 per cent , rising to N125.164 trillion from N117.027 trillion in the previous week.
The NGX All-Share Index also advanced 12676.69 basis points week-on-week to 194,989.77 points against 182313.08 reported the previous week.
The growth trend during the week underscoring the strength of the rally as risk appetite remained elevated, several stocks touched new all-time highs, and the market continued to trade at attractive valuations despite the sharp run-up.
As a result, the year-to-date return advanced further to 25.95 per cent, highlighting th...