March 13, (THEWILL) — The Nigerian equities market ended the week on a bullish note on Friday, with renewed buying interest across select counters lifting key market indicators.
The market cap opened at ₦126.398 trillion and closed at ₦127.360 trillion, while the NGX All-Share Index opened at 196,908.76 points and closed at 198,407.30 points.
Market breadth recorded 35 gainers and 20 losers, showing positive investor sentiment across several sectors.
Top Gainers
1. GUINNESS added 10.00% (N350.00 to N385.00)
2. ROYALEX grew by 10.00% (N1.70 to N1.87)
3. UPL advanced 10.00% (N5.00 to N5.50)
4. MAYBAKER advanced 9.93% (N37.75 to N41.50)
5. FTGINSURE increased 9.26% (N1.08 to N1.18)
Top Losers
1. RTBRISCOE dipped -9.17% (N11.45 to N10.40)
2. LEARNAFRCA dropped -8.33% (N9.00 to N8.25)
3. NGXGROUP lost -6.12% (N188.00 to N176.50)
4. HMCALL fell -5.78% (N4.15 to N3.91)
5. MANSARD declined -5.63% (N15.80 to N14.91)
Several counters closed the session flat, including Presco Oil Palm, Okomu Oil Palm, BUA Foods, Dangote Sugar Refinery, and Union Dicon Salt.
Analysts say the market’s strong finish was supported by renewed interest in consumer and industrial stocks, even as some investors took profits in select financial and tech counters.
Analysts suggest that next week may see mixed trading as investors weigh opportunities in consumer and industrial stocks against profit-taking in financial and tech counters.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
