Market Rallies Amid Mixed Stock Performance | Nigeria News

The Nigerian stock market soared this past Friday, closing the week on a high note with investors’ portfolios gaining 405 billion naira. Key players like Abbey Mortgage Bank, Royal Exchange, and Nigerian Breweries drove the rally, pushing total market cap past 159 trillion naira and lifting the All-Share Index by over 600 points — bringing its year-to-date return to a stellar 58.72%. While the overall trend was bullish, market breadth told a mixed story: 31 stocks fell, including Red Star Express and Haldane McCall (both down 10%), while Industrial and Medical Gases, Juli, and University Press surged. Trading volume exploded by over 400%, with Fortis Global Insurance leading in volume and Seplat Energy topping in value. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c15640f09bcf63e4