Investors on the Nigerian Exchange Limited (NGX) enjoyed a remarkable week as the stock market recorded a massive N6.764 trillion gain. The bullish run continued throughout the week, reflecting strong investor confidence and sustained buying across major stocks. Friday alone accounted for about N2.4 trillion in fresh gains, showing heightened activity and renewed optimism in the market.

Market capitalization rose significantly from N114.660 trillion at the beginning of trading to N117.027 trillion by Friday’s close. This represents a N2.367 trillion increase in a single day, translating to a 2.06 percent growth. In the same vein, the All-Share Index (ASI) climbed by 3,687.45 points to settle at 182,313.08, up from 178,625.63 recorded the previous day. The year-to-date return also improved to 17.16 percent, highlighting the market’s strong performance so far this year.

Trading activities showed a positive breadth, with 53 stocks posting gains compared to 33 that declined. Nestlé Nigeria, Union Dicon Salt, Infinity Trust, McNicholas, and Cornerstone Insurance led the gainers’ table, each rising by 10 percent. On the downside, Skyway Aviation Handling Company recorded the biggest loss with a 10 percent drop to close at N135, followed by Guinness Nigeria and Omatek Ventures.

The impressive close on Friday rounded off a strong trading week, with daily gains of N1.4 trillion, N1.8 trillion, N881 billion, and N283 billion recorded from Monday through Thursday. Market analyst Aruna Kebira attributed the rally to improved company earnings, expectations of higher dividends, and increased participation from institutional investors. Analysts believe that if these factors remain stable, the NGX may sustain its upward trend in the coming weeks.