Following a string of four bullish trade sessions last week, Nigerian Exchange investors experienced a notable gain of N464 billion.

The market exhibited a positive trend from the opening day and sustained this momentum until Thursday, resulting in investors accruing N501 billion during the period.

However, a downturn occurred on Friday due to sell-offs in select banking stocks.

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Concluding the trading week, the NGX All Share Index reported a 1.18 per cent week-on-week increase, surpassing the 72,000 mark to close at 72,389.23 points.

This uptick in the All Share Index was fueled by robust rallies observed across key sectors, including banking, consumer goods, telecoms, energy, and industrials.

The financial services industry dominated the activity chart, with 1.373 billion units of shares valued at N22.165 billion traded in 17,300 deals, contributing significantly to the total equity turnover volume and value.

Following closely, the services industry and consumer goods industry recorded turnovers of 97.008 million shares worth N616.265 million and 86.370 million shares worth N2.136 billion, respectively.

Sectoral performances analysis revealed increases in the banking, consumer goods, and industrial indexes by 7.01 per cent, 0.22 per cent, and 0.24 per cent, respectively.

Notable stocks driving these upward movements included Infinity Trust Mortgage Bank, Sterling Financial Holding Company, AccessCorp, Ecobank, and Tantalizer Plc.

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Conversely, the insurance and oil & gas indexes experienced declines of 0.96 per cent and 0.27 per cent, attributed to price declines in Eterna, NEM Insurance, Sunu Assurance Plc, and Conoil Plc.

Key players in terms of volume and value were Access Holdings Plc, Guaranty Trust Holdings Company Plc, and Zenith Bank Plc, accounting for 491.533 million shares worth N15.466 billion in 5,997 deals.

Despite the overall positive performance, trading activity witnessed a decrease with a total turnover of 1.882 billion units of shares valued at N31.630 billion in 33,020 deals, compared to the previous week’s total of 2.423 billion shares valued at N45.070 billion in 34,704 deals.

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Top gainers for the week included Infinity Trust Mortgage Bank Plc, SCOA Nigeria Plc, and Daar Communications Plc, while Secure Electronic Technology Plc, Eterna Plc, and Thomas Wyatt faced losses.

As the market opens on Monday, analysts anticipate a reaction to the recently released inflation figure of 28.20 per cent for November, and investors may position themselves ahead of upcoming corporate earnings reports.