NGX Closes Week Higher as Gainers Outnumber Losers

The Nigerian Exchange All-Share Index rose 1.36% to close the week at 252,269.16, while market capitalisation reached ₦163.796 trillion. Forty-three equities gained, up from 29 the previous week, while 39 declined, down from 57. Another 64 equities closed unchanged. Investors traded 8.029 billion shares worth ₦185.358 billion in 160,836 deals. Share volume increased from 2.829 billion in the previous week, but transaction value fell 11.06% from ₦208.407 billion. The financial services industry led trading activity, followed by agriculture and consumer goods. Linkage Assurance, Livestock Feeds and First Holdco were the most actively traded equities. Champion Breweries, Caverton Offshore Support Group and AXA Mansard Insurance were among the top gainers, while Livingtrust Mortgage Bank, Thomas Wyatt Nigeria and Okomu Oil led the decliners.

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