The Nigerian equities market closed the week ended Friday, 7 August 2026, in positive territory, bolstered by strong investor demand for financial and high-cap equities. JIDE AJIA reports.
The Nigerian equities market maintained a slight upward momentum for the week ended Friday, as gains in key banking and large-cap stocks offset broader market sell-offs.
The benchmark All-Share Index appreciated 0.12 per cent to close at 245,573.60 points, lifting the market capitalisation to N158.513tn and extending the year-to-date return to 57.81 per cent.
Against the backdrop of persistent macroeconomic adjustments and shifting investor portfolio realignments, the market managed to sustain positive momentum despite persistent profit-taking pressure across secondary sectors.
Total market activity reflected mixed sentiment across trading days, opening Monday with over 922m shares valued at N37.85bn in 72,474 deals, fluctuating throughout the week, and concluding Friday with 1.518bn shares worth N26.65bn traded in 42,517 deals.
