Analysts were unanimous that short-term shareholder unease over a pause in dividend payouts would translate into higher returns in the period ahead.
The Head of Research and Development at the Chartered Institute of Stockbrokers, Dr Benneth Eze, on Saturday projected a slowdown in Nigeria’s equities rally
All other indices closed higher, except NGX Insurance and NGX Growth, which declined by 3.64 per cent and 1.82 per cent, respectively.
The figure represented a two per cent increase from the profit recorded in the same period of 2024.
This is compared to 3.117 billion shares valued at N90.295 billion that exchanged hands last week in 118,018 deals.
Press releaseThe survey shows Access Holdings, Zenith, UBA, FirstHoldco, GTCO, and ETI, dominate the banking landscape in capital strength, asset size, loan portfolios, and governance.
The NGX All-Share Index rose by 0.90 per cent to close at 109,710.37 points.
Some shareholders who spoke to journalists in Abuja on Sunday said that making the process easy would help reduce unclaimed dividends.
The NGX All-Share Index and market capitalisation appreciated by 2.54 per cent to close the week at 108,733.40 and N68.339 trillion, respectively.
The agriculture industry followed with 98.884 million shares worth N 1.344 billion in 2,772 deals.
