Investors on the Nigerian Exchange Limited sustained the 2025 year-end rally, recording a combined gain of N2.05 trillion over the four trading days of the week.

Market analysts observed that renewed investor confidence was driven by a return to fundamentally strong stocks, particularly within the Banking, Information and Communications Technology, ICT, and selected Consumer Goods sectors.

Market data showed that the NGX market capitalisation, which reflects the total value of listed equities on the Exchange, climbed sharply to N99.938 trillion from N97.890 trillion recorded in the preceding week.

In the same vein, the NGX All Share Index, ASI, another key performance indicator, advanced by 1.9 per cent to close the week at 156,492.36 points, compared with 153,539.83 points in the previous week.

Trading activities during the week indicated a significant increase in market participation, with a total turnover of 7.821 billion shares valued at N134.471 billion executed in 150,799 deals on the Exchange. This compares with 2.876 billion shares worth N63.832 billion traded in 80,229 deals in the preceding week.

An analysis of sectoral performance revealed that the Financial Services Industry led market activity by volume, recording transactions in 5.992 billion shares valued at N67.024 billion across 55,598 deals. This accounted for 76.61 per cent of total equity turnover volume and 49.84 per cent of total value traded.

The ICT Industry followed with a turnover of 946.959 million shares valued at N8.028 billion executed in 15,443 deals.

The Consumer Goods Industry ranked third, posting a turnover of 258.820 million shares worth N9.381 billion in 24,133 deals.

Trading in the three most active equities by volume, namely Cornerstone Insurance Plc, Cham Holding Company Plc and Access Holdings Plc, accounted for a combined 5.317 billion shares valued at N37.361 billion traded in 10,441 deals. These transactions represented 67.97 per cent of the total equity turnover volume and 27.78 per cent of the total value for the week.

Price movements during the review period showed broad market strength, as seventy-three equities recorded price appreciation, up from forty-four equities in the previous week.

Twenty-three equities declined in price during the week, compared with thirty equities recorded in the preceding week.

Meanwhile, fifty-one equities closed the week unchanged, lower than the seventy-three equities that remained flat in the previous week.

In their outlook for the market, analysts at InvestData Consulting Limited stated: “The market enters 2026 with robust infrastructure, modernised regulatory frameworks, and a deepening investor base. The challenge now lies in translating plans into execution, policy into action, and market potential into sustainable economic development. The Nigerian capital market is well-positioned to support the country’s economic ambitions, provided reforms are implemented and leadership delivers the necessary impetus to unlock its full potential.”