By Adewunmi Oluwaseun
The Nigerian Exchange closed the week strong as transactions soared by thirty point two six percent, delivering a thirteen billion naira windfall to investors.
During the week, investors traded one point eight five four billion shares valued at fifty six point zero two five billion naira across fifty one thousand three hundred eighty six deals, up from last week’s one point five two five billion shares worth forty three billion naira.
Despite a shortened trading week due to Easter holidays, market activity was vibrant.
Fidelity Bank, Access Holdings, and Guaranty Trust Holding Company dominated the charts, accounting for over forty three percent of the total trading volume and nearly forty percent of the value.
The financial services sector led the rally, driving sixty eight percent of the week’s volume and fifty two percent of the value, followed by the ICT and consumer goods sectors.
The NGX All Share Index climbed one point four six percent to close at one hundred five thousand seven hundred fifty two point six one points, with market capitalization rising to sixty six point four six five trillion naira.
Sixty four equities posted gains, with International Breweries and Nascon Allied Industries leading the pack, while twenty seven stocks declined, including VFD Group and Dangote Cement.
