Fresh buying interest lifted the Nigerian Exchange Limited (NGX) at the start of the week, pushing total market capitalisation above the N100 trillion mark and signalling renewed investor confidence.
Market data showed that equities capitalisation rose to N101.81 trillion, while the NGX All-Share Index (ASI) climbed 1.74 per cent to close at 159,218.22 points, up from 156,492.36 points. Month-to-date and year-to-date returns both advanced to 2.32 per cent.
The rally was driven by strong demand for stocks including Cadbury Nigeria, Fidson Healthcare, and Champion Breweries, reflecting the traditional “January Effect” associated with early-year trading.
Investor sentiment was broadly positive, with 73 gainers against just eight losers, indicating widespread participation across the market.
Commenting on the milestone, Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, described the development as a clear signal of growing confidence in the capital market.
“The equities market capitalisation crossing the N100 trillion mark is a defining milestone for Nigeria’s capital market,” Popoola said, noting that it reflects improved macroeconomic conditions, structural reforms, and the market’s increasing depth and resilience.
He added that closer collaboration between market operators, policymakers, and the Securities and Exchange Commission (SEC) has strengthened transparency, liquidity, and investor protection.
Also speaking, Jude Chiemeka, Chief Executive Officer of Nigerian Exchange Limited, said the rally was supported by rising participation across key sectors.
“The breadth of the market tells a positive story,” he said. “We are seeing strong activity across banking, industrial, and consumer stocks, alongside higher trading volumes, suggesting growing confidence at the start of the year.”
