The Nigerian equities market closed the week on a high note as investors pocketed approximately ₦74 billion in gains. This recovery follows a previous session of losses, signaling a cautious return of “bullish” sentiment to the Nigerian Exchange Limited (NGX).
Market Performance Indicators
The All-Share Index (ASI) grew by 114.81 points—a 0.07% increase—closing at 165,512.18. Correspondingly, the total market capitalization rose to ₦105.959 trillion, up from Thursday’s close of ₦105.885 trillion.
Top Gainers and Losers
While the overall market value increased, the “market breadth” actually remained negative, with 40 stocks declining against 34 gainers.
Leading the Gainers:
- Union Homes REIT: +9.94% (₦71.35)
- Morison: +9.94% (₦7.52)
- SCOA: +9.93%
- RT Briscoe: +9.93%
Leading the Losers:
- Neimeth International Pharma: -9.86% (₦13.25)
- Secure Electronic Technology: -9.35% (97 kobo)
- Eterna: -8.23% (₦28.45)
Volume and Value Leaders
Trading activity slowed slightly compared to Thursday’s session, with total deals dropping to 44,005.
| Metric | Friday Figures | Leader |
| Highest Volume | 76.86 Million Shares | CHAMS (10.51% of total) |
| Highest Value | ₦3.47 Billion | Zenith Bank (18.20% of total) |
| Total Value Traded | ₦19.05 Billion | — |
The day’s performance highlights a “renewed buying interest” in specific blue-chip and mid-cap stocks, even as broader market sentiment remains mixed.
