Stock market gains strengthened on the Nigerian Exchange as investors recorded about ₦5.5 trillion in value growth. The rally was driven largely by banking and industrial goods stocks. Stock market gains reflected sustained buying interest across major listed companies. The All-Share Index closed at a new record level during the trading week.
The Nigerian equities market extended its bullish momentum for the fourth consecutive week. Investor sentiment remained strong across key sectors of the exchange. Trading activity showed increased participation from domestic investors. Market performance was influenced by corporate earnings releases. Several blue-chip companies posted gains that supported overall index growth. Liquidity levels improved compared to the previous trading week.
Banking and industrial sectors played a central role in market performance. BUA Foods rose by 7.9 percent during the week. Dangote Cement recorded an 8.1 percent increase. Lafarge WAPCO surged by 21.4 percent. First Holdco gained 17.2 percent in value. Zenith Bank advanced by 7.9 percent while UBA rose by 14.6 percent. These movements collectively reinforced overall stock market gains. Investor interest remained concentrated in large-cap equities.
The All-Share Index rose by 4.0 percent week-on-week. It closed at 225,406.05 points, setting a new record. Market capitalisation increased significantly during the period. Total value rose by approximately ₦5.5 trillion. Market capitalization closed at about ₦154.334 trillion. This reflected strong upward momentum in equities valuation.
The industrial goods index led sector performance with a 7.7 percent rise. Banking followed with a 6.8 percent increase. Consumer goods rose by 5.2 percent. Oil and gas gained 0.9 percent. Insurance recorded a 0.4 percent increase. Sector-wide movement supported broad-based stock market gains. Banking and industrial stocks remained the strongest contributors.
Analysts linked recent gains to positive earnings performance. They also cited improved investor confidence in equities. Future trading sessions are expected to follow corporate results. Key sectors include banking, telecoms, and industrial goods. Market liquidity trends may continue to influence performance. Volatility is expected alongside sustained bullish sentiment.
