Nigerian Stock Market Soars: NGX All-Share Index Hits Record High!
The Nigerian Exchange (NGX) ended the week with a bang, as the All-Share Index (ASI) surged by 1.00% to close at an impressive 131,585.66 points. This bullish momentum propelled the equity market capitalization to a staggering ₦83.24 trillion, reflecting strong investor confidence in Nigeria’s financial markets. The rally was driven by robust demand for cement stocks and other large-cap equities, signaling a vibrant market pulse.
Notably, the Exchange Traded Products (ETPs) market also saw a remarkable 4.25% boost in capitalization, highlighting growing investor interest in diversified instruments. This performance underscores Nigeria’s capital market as a beacon of opportunity, fueled by regulatory clarity and macroeconomic reforms. With trading volumes exceeding 3.35 billion shares and a market value of ₦62.39 billion, the NGX continues to attract both domestic and foreign investors. As the market maintains its upward trajectory, analysts anticipate further growth, potentially drawing more companies to the prestigious ₦1 trillion club. Stay tuned for more updates on Nigeria’s thriving stock market!