Investors on the Nigerian Exchange Limited (NGX) posted a remarkable N6.764 trillion gain in the past week, extending the market’s strong bullish run.

Market data indicated that about N2.4 trillion was added to investors’ portfolios on Friday alone, reflecting renewed buying interest in major equities.

Total market capitalisation rose from N114.660 trillion at the start of trading to N117.027 trillion by Friday, marking an increase of N2.367 trillion, or 2.06 per cent.

In the same vein, the All-Share Index (ASI) climbed 2.06 per cent, gaining 3,687.45 points to close at 182,313.08, up from 178,625.63 recorded on Thursday.

Following the rally, the market’s year-to-date (YTD) return advanced further to 17.16 per cent.

Market breadth ended the session on a positive note, with 53 equities recording gains compared to 33 decliners.

Top performers included Nestlé Nigeria, Union Dicon Salt, Infinity Trust, McNicholas, and Cornerstone Insurance, each rising by 10 per cent.

On the downside, Skyway Aviation Handling Company led the laggards with a 10 per cent drop to close at N135, followed by Guinness Nigeria and Omatek Ventures.

Friday’s strong performance capped a positive trading week, during which the NGX recorded gains of N1.4 trillion, N1.8 trillion, N881 billion, and N283 billion from Monday through Thursday.

Commenting on the rally, market analyst Aruna Kebira told the News Agency of Nigeria (NAN) that the sustained uptick was driven by improved corporate earnings, rising dividend expectations, and renewed participation from institutional investors.