NIGERIAN EQUITY MARKET SURGES N1.43TN.

The Nigerian equities market maintained its bullish momentum last week as the Nigerian Exchange Limited recorded a total gain of N1.43tn, driven largely by renewed investor interest in the banking sector.
According to the NGX weekly market report, the All-Share Index rose by 1.57 per cent, closing at 119,995.76 points, up from 118,138.79 points recorded in the previous week. Likewise, the market capitalisation appreciated by 1.92 per cent, rising from N74.528tn to N75.962tn, indicating a total value gain of N1.43tn within the five-day trading period.
A total turnover of 3.903 billion shares worth N102.221bn in 114,484 deals was traded by investors on the floor of the Exchange last week. This was in contrast to a total of 3.566 billion shares valued at N115.403bn exchanged in 99,960 deals in the previous week.