LIVE UPDATES
The activities of investors positioning themselves ahead of the dividend-paying season led to another positive week as the Nigerian Exchange gained N2.12tn in the past week.
The All-Share Index appreciated by 3.71 per cent week-on-week, reaching 105,085.25 index points.
In tune with the movement of the ASI, the total market capitalisation of listed equities rose by 3.71 per cent to close the week at N59.42tn, indicating a 45.21 per cent year-to-date returns for investors.
The surge was propelled by renewed bullish sentiment in financial stocks on the back of expected corporate releases.
Despite the overall bullish sentiment and the upward repricing of select stocks, trading activity witnessed a lacklustre performance throughout the week.
The tally of weekly deals dipped to 1.773 billion shares worth N52.87bn exchanged in 44,713 deals, lower than 2.157 billion units of shares valued at N108.82bn that exchanged hands in the previous week in 51,556 deals.
Across sectors, most performance was positive, with gains observed in the banking index (12.84 per cent WoW), Consumer goods (1.41 per cent WoW), NGX Insurance index (2.52 per cent WoW), and the industrial sector (0.20 per cent WoW).
However, NGXOILGAS (-0.11 per cent WoW) closes in the negative zone for the week, attributed to the adverse price movements in Oando and Eterna Plc.
