Investors in Nigeria’s equities market recorded a strong gain of ₦837 billion last week, as market capitalisation rose to ₦129.8 trillion from ₦128.9 trillion.
The Nigerian Exchange All-Share Index (ASI) advanced by 0.39% to close at 201,698.89 points, reflecting sustained bullish sentiment.
Market momentum was driven by standout performances from Multiverse Mining and Exploration Plc, UPDC Real Estate Investment Trust, and International Energy Insurance Plc, placing them among the top stocks to watch in the new trading week.
UPDC REIT closed at ₦8.20, posting a 6.5% weekly gain and an 18.8% year-to-date increase, supported by steady trading activity and improving investor confidence.
Multiverse Mining surged 9.8% to ₦20.15, delivering a robust 50.9% gain since the start of the year, despite a recent dip in short-term performance.
Meanwhile, International Energy Insurance fell 6.5% to ₦3.32 but maintained a strong 32.8% year-to-date gain, underlining continued investor interest in the stock.
Overall, last week’s rally highlights renewed market optimism, with select equities attracting attention amid improving trading activity.
