The Nigerian Exchange Limited All-Share Index saw a 0.22 percent increase by the close of the previous week, driven by significant gains in the stocks of Dangote Sugar Refinery Plc (25 percent), Glaxo Smithkline Consumer Nigeria Plc (20.27 percent), and Nigerian Breweries (16.44 percent).
Consequently, investors reaped N77 billion in gains, pushing the market capitalization up to N35.48 trillion, compared to the previous week’s N35.4 trillion.
The All-Share Index climbed from 65,056.39 to 65,198.08. Similarly, year-to-date returns experienced growth, reaching 27.10 percent.
Most other indices exhibited positive trends, with the exceptions being NGX main board, NGX CG, NGX banking, NGX AFR bank value, NGX MERI growth, NGX MERI value, and NGX oil and gas indices, which experienced declines of 0.07 percent, 0.06 percent, 2.13 percent, 1.85 percent, 2.43 percent, 0.78 percent, and 0.68 percent, respectively. The NGX ASeM index remained stable.
During the past week, investors conducted 37,713 deals, trading a total of 2.575 billion shares valued at N29.615 billion.
This contrasts with the previous week’s activity of 2.854 billion shares worth N37.645 billion, traded in 41,547 deals.
The financial services industry, in terms of volume, continued its dominance on the activity chart, with 1.921 billion shares valued at N16.514 billion traded across 17,689 deals.