Weekly Market Wrap: All-Share Index soars to N66.6 trillion, consumer goods sector shines 

This marks a 0.27% week-on-week increase, as the index climbed from 105,752.61 to 106,042.57 points, driven by increased investor participation and a notable shine from the consumer goods sector.

Trading activity was robust, with volume rising by 18.65% to 2.1 billion shares, up from 1.8 billion shares exchanged in the previous week.

Similarly, market capitalization grew from N66.4 trillion to N66.6 trillion, reflecting strong positive sentiment and upward price movements in key stocks.

Despite the index’s gain, market breadth slightly narrowed.

The trading week started on a positive note, with gains recorded on Monday. However, modest pullbacks followed on Tuesday and Wednesday.

After the market break for Thursday’s public holiday, the index rebounded strongly on Friday, closing above the significant 106,000 mark and confirming sustained bullish momentum.

Leading the gainers was ASSOCIATED BUS COMPANY PLC, which soared by 44.87% week-to-date, followed by LEGEND INTERNET PLC at 32.40%. Other notable gainers included:

At the bottom of the table was ECOBANK TRANSNATIONAL INCORPORATED, which declined by 18.75% week-to-date, followed by MULTIVERSE MINING AND EXPLORATION PLC at 18.59%. Other notable losers included:

This week, the corporate landscape witnessed a series of significant announcements including:

The All-Share Index has continued its upward trajectory, recently crossing the 106,000-point threshold—a key psychological level that signals strengthening bullish momentum.