By Bamidele Famoofo
WorldStage– Investors pocketed N3.16 trillion from trading as the Nigerian equities market staged a strong rebound on Friday, with the NGX All-Share Index surging 2.19 percent to close at 229,240.34 points, pushing the year-to-date return to +47.31 percent and adding ₦3.16 trillion to market capitalization, which closed at ₦147 trillion.
Investor sentiment was broadly positive at a market breadth of 2.8x, as 39 advancers led by TIP, DAARCOMM, OMATEK, UNIVINSURE, and AIRTELAFRI comfortably outpaced 14 decliners, with INTENEGINS, MEYER, FTGINSURE, SOVRENINS, and VERITASKAP recording the most notable losses.
Sectoral performance was mostly positive, as Banking (+2.78%), Insurance (+1.26%), and Industrial (+0.05%) all closed in positive territory, while Oil & Gas (-0.36%) and Consumer Goods (-0.06%) bucked the trend and the Commodity sector ended flat.
Trading activity weakened considerably, however, with volume, turnover, and deal count declining 46.82 percent, 2.86 percent, and 6.58 percent to 454.92 million shares, ₦27.61 billion, and 48,214 transactions respectively.
Looking ahead, the market is expected to sustain its recovery momentum, underpinned by ongoing strategic investor repositioning and portfolio rebalancing.
