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Heavyweight Stocks Power ASI—Market Climbs 1.57% This Week

Finance 7 hrs ago
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    Infinity Media
    7 hrs ago
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    Major stocks took charge this week, lifting Nigeria’s All-Share Index (ASI) by 1.57% as investors rallied behind blue‑chip leaders. Here’s the full scoop:

    📈 Market Snapshot

    • The ASI rose sharply, reflecting robust investor sentiment across the board.

    • Market capitalization expanded in step with the index, showing increased investor confidence.

    💪 Heavyweights in the Driver’s Seat

    Big-name stocks led the charge, with premium listings enjoying notable gains that pushed the index higher. These top-tier companies set the pace, supported by strong performance across other sectors.

    🌟 Standout Performers

    • Leading vanguards delivered impressive wins, significantly contributing to the weekly rally.

    • Mid‑ to large‑cap stocks also delivered solid gains, reinforcing the market’s upward trajectory.

    🏦 Sector Round-Up

    • Banking and finance stocks rallied strongly, supported by healthy earnings and strategic moves.

    • Consumer-facing companies—from FMCGs to industrials—posted consistent, resilient gains, reflecting steady economic activity.

    🔮 What Comes Next?

    With the ASI closing on a strong note at a 1.57% weekly gain, the question now is: will the momentum carry forward?

    Here’s what to keep on the radar:

    • Can those heavyweight drivers maintain their strength?

    • Will mid‑caps join the party with follow‑through moves?

    • Watch for corporate releases or external events that might shape next week’s trends.

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