Nigerian equities surged 6.35% over the week ended July 10, marking a decisive shift in market momentum as bulls seized control of trading activity.
The broad-based rally reflects a period of intense buying interest that has lifted the benchmark index significantly from its recent lows, according to market data compiled by Nairametrics.
62% climb that contributed another N961 billion to the aggregate value of listed companies.
The advance was not a single-day spike but a sustained accumulation of capital.
Earlier in the week, the market opened with a sharp 2.15% jump, adding N3.168 trillion to the total market capitalization.
This initial burst of optimism was maintained through the week, with Thursday alone seeing a 0.62% climb that contributed another N961 billion to the aggregate value of listed companies.
The consistent daily gains suggest that institutional and retail investors are positioning for a longer-term recovery rather than engaging in short-term speculation.