Market capitalisation on the Nigerian Exchange hit N127.36 tn as the market closed the week ending Friday on a positive note.

The NGX All-Share Index appreciated 0.73 per cent to settle at 198,407.30 points, driven by investor bargain-hunting despite fluctuations in trading volume.

Over the course of the week, a total of 3.321 billion shares worth N164.845 bn were traded in 318,907 deals, a slight decrease compared to the previous week’s turnover of 3.695 billion shares valued at N177.687 bn.

The Financial Services industry remained the dominant sector, contributing 65.61 per cent of the total volume and 36.28 per cent of the total value, followed by the Oil and Gas and Consumer Goods sectors. Activity in the top three equities, including Access Holdings Plc, Fortis Global Insurance Plc, and First Holdco Plc, accounted for 20.39 per cent of the total equity turnover volume.

The broader market saw growth across several indices, including the NGX Industrial Goods index, which surged 5.73 per cent, and the NGX Main Board, which rose 1.99 per cent. Alternative assets also saw increased interest, with Exchange Traded Products recording 4.426 million units traded for N741.652 m, while the bond market saw 84,691 units transacted for N87.531 m.

In corporate updates, Linkage Assurance Plc officially activated the trading code for its rights issue of 12.32 billion ordinary shares at N1.32 per share, marking a significant step for the company’s capital management.

While 34 equities appreciated during the week, 61 equities depreciated and 53 remained unchanged, reflecting a dynamic trading environment as the market continues its upward trajectory.