The Nigerian equities market extended its bullish run as investors gained ₦1.66 trillion, pushing total market capitalisation above ₦136 trillion.
Data from the Nigerian Exchange showed that the rally was driven by sustained buying interest in large-cap and fundamentally strong stocks across key sectors.
At the close of trading, market capitalisation rose by about 1.23 percent to ₦136.435 trillion, up from ₦134.772 trillion recorded in the previous session. The benchmark All-Share Index (ASI) also advanced, reflecting broad-based positive sentiment and continued investor confidence in the market.
The upward movement marks a continuation of the exchange’s strong performance trajectory in 2026, following earlier milestones that saw the index cross the 200,000-point mark.
Market activity remained robust, supported by demand in banking, industrial, and consumer goods stocks, which have continued to attract both institutional and retail investors.
Analysts attribute the rally to improved liquidity conditions, portfolio repositioning, and increased appetite for high-value equities amid inflationary pressures and currency adjustments.
The sustained gains have significantly boosted investor wealth, with cumulative increases in recent sessions reinforcing confidence in the equities market as an alternative investment destination.
The strong performance also reflects expectations around corporate earnings and dividend declarations, which typically drive positioning in the market.
Despite the positive outlook, analysts caution that short-term volatility may persist, influenced by macroeconomic factors, policy direction, and global market trends.
However, the overall sentiment remains bullish as investors continue to target fundamentally sound stocks with strong earnings potential.
Source: Dailypost.ng
