The Nigerian Exchange Limited All-Share Index saw a 0.22% increase last week, largely due to gains in the stocks of Dangote Sugar Refinery Plc (25%), Glaxo Smithkline Consumer Nigeria Plc (20.27%), and Nigerian Breweries (16.44%).
This upward movement led to a N77bn profit for investors, with the market capitalisation rising to N35.48tn from the previous week’s N35.4tn. The All-Share Index also increased to 65,198.08 from 65,056.39, resulting in a year-to-date return appreciation of 27.10%.
However, several indices, including NGX main board, NGX CG, NGX banking, NGX AFR bank value, NGX MERI growth, NGX MERI value, and NGX oil and gas, depreciated by various percentages, while the NGX ASeM index remained unchanged.
Throughout the week, investors traded a total of 2.575 billion shares worth N29.615bn in 37,713 deals on the exchange. This was a slight decrease from the 2.854 billion shares, valued at N37.645bn, traded the previous week in 41,547 deals.
The financial services industry continued to lead in trading volume, with 1.921 billion shares valued at N16.514bn exchanged in 17,689 deals.