The Nigerian Exchange Limited (NGX) posted strong gains last week, with investors adding more than N1.062 trillion to their portfolios. The All Share Index (ASI) rose to 101,129.09 points from 99,378.06 points, marking its highest weekly gain since March 2024.

The market's year-to-date return of 35.2% has outpaced Nigeria's November inflation rate of 34.6%. This performance was driven largely by rallies in blue-chip stocks, with ARADEL leading the gains at 20.73%, followed by GTCO at 7.65% and Zenith Bank at 4.20%. However, some major stocks declined, including BUA Cement (-2.11%), MTN Nigeria (-0.28%), and ACCESSCORP (-0.62%).

The total market value increased to N61.303 trillion from N60.241 trillion the previous week. Analysts attribute this bullish trend to strong buying interest across major sectors, particularly in consumer goods companies like Honeywell Flour Mills, Nigeria Breweries, and Nestle. They also note that investors are taking year-end positions ahead of the Christmas holiday, with an increasing number of companies reaching new 52-week highs.

The market's upward momentum has been supported by robust money flows and cross-deal transactions as the year draws to a close.​​​​​​​​​​​​​​​​