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dapo·Investment· 10 days ago

Earnings Surge Drives N392bn Rally in Nigerian Stocks

Earnings Surge Drives N392bn Rally in Nigerian Stocks

The Nigerian equities market closed the week on a strong note, adding N392 billion as solid corporate earnings for 2025 lifted investor confidence. Market capitalisation ticked up 0.30% to N131.17 trillion, while the All-Share Index rose 608.62 points to 203,770.43. This pushed the year-to-date return to 30.95%. Top performers included Trans-Nationwide Express, International Breweries, CHAMS and Guinness Nigeria. On the other hand, Omatek Ventures, Austinlaz and Coronation Insurance led the decliners. Trading volume dipped nearly 16% to 548.6 million shares worth N31.46 billion. Access Holdings, Zenith Bank and UBA topped activity charts, while Aradel Holdings recorded the highest value traded. Analysts expect the earnings-driven momentum to continue, though profit-taking and mixed market breadth may cap gains in coming sessions.

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