Weekly Market Wrap: Nigerian stock market climbs 1.22% as premium NGX stocks shine; banking sector gains 4% 

The Nigerian stock market, tracked by the All-Share Index, concluded the trading week ending January 24, 2025, with a commendable performance, gaining 1,244.62 points to settle at 103,598.30.

This marks a notable increase of 1.22% compared to the prior week, when the index closed at 102,353.68 points, reflecting a decline.

Despite this upward trend, overall market activity experienced a slight downturn, as weekly trading volume decreased by 3.78%, falling from 2.2 billion shares to 2.1 billion shares exchanged.

Conversely, market capitalization saw an increase, rising to N63.6 trillion from N62.8 trillion in the previous week, mirroring the bullish price action.

Notably, 44 equities recorded price appreciation during this week, surpassing the 33 equities that gained the prior week.

On the other hand, 44 equities experienced depreciation, a decrease from the 57 equities that fell in value the week before, while 64 equities maintained their prices without change.

Market performance 

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Weekly Market Wrap: Nigerian stock market climbs 1.22% as premium NGX stocks shine; banking sector gains 4% 

 

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