Nigerian stocks gained for the 9th straight week as strong sectors and key earnings boosted investor confidence.
The All-Share Index rose 2.18% to 134,452.93, marking 9 weeks of gains despite lower trading volume.
Top sectors:
✓ Industrial Goods (+4.66%)
✓ Insurance (+3.07%)
✓ Banking (+1.84%)
Biggest gainers
✓ The Initiates Plc (+60.82%)
✓ Wema Bank (+23.60%)
✓ Academy Press (+33.00%)
Top losers
✓ Secure Electronic Tech (–23.97%)
✓ Omatek Ventures (–23.93%)
Corporate highlights
✓ Oando plans ₦500B share sale
✓ Q2 results released by key firms
✓ Okomu Oil announced ₦30 dividend
Momentum may push ASI past 135,000 next week.
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