NGX All-Share Index surges 6.95% to 194,989.77
The Nigerian All-Share Index gained 12,676.67 points to close at 194,989.77, marking a 6.95% weekly increase. Trading activity surged to 7.6 billion shares exchanged, up from 4.6 billion shares last week, while market capitalization rose 6.95% to N125.2 trillion from N117.02 trillion. The index broke above 190,000 for the first time on Monday, closing in positive territory for four of five trading sessions. Sectoral strength drove gains, with the NGX Industrial Goods Index rising 10.10% led by BUA Cement and Lafarge. Top gainers included JapaulGold (+60.16%) and Zichis Agro-Allied (+60.74%), while RT Briscoe fell 20.78%. Corporate actions included VFD Group's N15 billion commercial paper launch and JapaulGold's gold processing plant test runs.