The Nigerian stock market experienced a significant rally on Friday, with investors gaining approximately N179 billion as trading activity surged. A total of 1.826 billion shares worth N20.03 billion were exchanged through 20,645 transactions, marking a dramatic rise from the previous day's 324.6 million shares worth N13.05 billion in 18,328 deals. This surge reflects renewed investor confidence across the market.
The market capitalization increased by N179 billion, or 0.20%, closing at N91.286 trillion, with the All-Share Index rising 281.30 points to finish at 143,520.53. Key stocks driving the rally included Access Corporation
Sectoral performance was mixed: Consumer Goods led with a 0.57% gain, supported by Banking and Industrial sectors, while Insurance and Oil & Gas sectors declined. Despite positive daily gains, the market recorded a slight week-on-week decline, reflecting ongoing volatility. The strong liquidity and increased trading volumes suggest heightened institutional and retail investor engagement in the Nigerian equities market.