Stocks Rally as NGX Market Cap Tops ₦160 Trillion with ₦344bn Gain

The Nigerian Exchange extended its bullish streak on Friday, adding ₦344 billion to investors’ portfolios. Market capitalisation rose from ₦159.733 trillion to ₦160.077 trillion, a 0.22% increase. The All-Share Index climbed 536.98 points (0.22%), closing at 249,712.37. Year-to-date returns strengthened to 60.47%, underscoring market resilience amid economic pressures. Thirty stocks advanced against 27 laggards. Aluminium Extrusion Industries and DAAR Communications led gainers with 10% jumps, while Trans-Nationwide Express fell 9.92% to top the losers’ chart. Trading volume slipped 32.8% to 711.86 million shares worth ₦29.08 billion. Fidelity Bank emerged as the most active stock, accounting for 27.8% of volumes and 15.8% of value.

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