Nigeria’s benchmark stock index climbed 2.86% in the week ended Oct. 30, lifting market capitalization to ₦165.114 trillion as activity accelerated across the Nigerian Exchange Limited, BusinessDay reported.
The outlet put stock investors’ gains at ₦4.6 trillion. The NGX All-Share Index closed at 254,299.49 points, and its year-to-date return reached 63.42%. Market capitalization also rose 2.86% over the week, according to the report.
Among the major stocks cited, Dangote Cement rose 27.81%. Access Holdings gained 7.92%, MTN Nigeria advanced 3.03% and Aradel Holdings rose 2.48%.
The broader count of equities showed more decliners than advancers. Prices rose for 33 equities, compared with 20 the previous week; 48 fell, down from 55. Another 65 were unchanged, versus 71 in the prior week.
Trading volume reached 7.619 billion shares, with a total value of ₦637.826 billion across 192,138 deals. In the preceding week, 2.024 billion shares valued at ₦110.773 billion changed hands in 173,113 deals, BusinessDay reported.
Financial-services stocks accounted for 6.990 billion shares worth ₦573.492 billion across 85,998 deals. That represented 91.75% of market volume and 89.91% of value. Consumer-goods stocks traded 164.650 million shares valued at ₦7.201 billion, while the services sector recorded 93.278 million shares worth ₦1.567 billion.
Trading was concentrated in United Bank for Africa Plc, First Holdco Plc and Guaranty Trust Holding Company Plc. Together, the three stocks accounted for 6.096 billion shares, or 80.02% of total market volume, and ₦544.438 billion, or 85.36% of the market total, across 27,001 deals.
The market’s Friday session ended up 0.09%, the report said.
