Last week, the domestic equity market closed well in positive territory amid broad-based gains, supported by large-cap names DANGCEM (+14.3% w/w) and ZENITH (+2.6% w/w). The main index NGXASI, rose sharply by 3.2% w/w to 40,221.2 points, trimming the YTD return to -0.1% and adding N655.9bn in market capitalisation to settle at N20.9tn. Trading activity also improved as the average volume and value traded rose 38.8% and 19.5% w/w to 355.7m units and N3.3bn, respectively.