The Nigerian stock market, tracked by the All-Share Index, concluded the trading week ending January 24, 2025, with a commendable performance, gaining 1,244.62 points to settle at 103,598.30.

This marks a notable increase of 1.22% compared to the prior week, when the index closed at 102,353.68 points, reflecting a decline.

Despite this upward trend, overall market activity experienced a slight downturn, as weekly trading volume decreased by 3.78%, falling from 2.2 billion shares to 2.1 billion shares exchanged.

Conversely, market capitalization saw an increase, rising to N63.6 trillion from N62.8 trillion in the previous week, mirroring the bullish price action.

Notably, 44 equities recorded price appreciation during this week, surpassing the 33 equities that gained the prior week.

On the other hand, 44 equities experienced depreciation, a decrease from the 57 equities that fell in value the week before, while 64 equities maintained their prices without change.

The Nigerian stock market demonstrated bullish momentum, with market capitalization increasing from N62.8 trillion to N63.6 trillion, reflecting the positive price action throughout the week.

The All-Share Index commenced on a strong note, finishing Monday in the green. This bullish momentum peaked on Tuesday, although subsequent days—Wednesday and Thursday—experienced a pullback.

Fortunately, Friday saw a significant recovery, with the market surging strongly back into positive territory.

Leading the pack of gainers, SCOA NIG. PLC surged by 59.68%, followed by UPDC PLC, which rose by 19.05%. Other notable gainers included:

On the losing side, SUNU Assurances Nigeria PLC led the decline, falling by 25.11%, followed by EUNISELL INTERLINKED PLC and JOHN HOLT PLC, which fell by 18.95% and 18.47%, respectively. Other significant decliners included:

This week, the corporate landscape was vibrant with significant announcements that captured investor attention:

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