The domestic bourse maintained its positive momentum on Friday as sustained buying interest in banking stocks lifted the NGX All-Share Index (NGX-ASI) by 0.15% to close at 245,573.60 points. Consequently, market capitalisation increased to NGN158.51 trillion, translating to an estimated NGN235.12 billion gain in investors’ wealth. The market also posted a weekly gain of 0.12%, reflecting resilient investor sentiment despite mixed sectoral performance.

Market breadth, however, remained negative, closing at 0.92x with 22 gainers against 24 losers. Nevertheless, the Up/Down (UD) Volume Ratio stood at 12.19x, indicating that advancing stocks accounted for a significantly larger share of traded volume. The market’s positive performance was largely driven by continued gains in banking stocks, particularly FIRSTHOLDCO, FCMB, and ACCESSCORP, which offset losses recorded across other sectors.