The market capitalisation of the Nigerian Exchange (NGX) hit N100 trillion on Monday.
According to data obtained from the NGX, the market
capitalisation closed at N101.80 trillion.
The market capitalisation increased from the N99.94 trillion
recorded on January 2, representing a N1.87 trillion increase.
In dollar terms, the NGX said the market capitalisation
increased from $69.61 billion to $71.15 billion.
During trading, the all-share index (ASI) appreciated by
1.74 percent or 2725.86 basis points, from 156,492.36 ASI to 159,218.22.
The exchange said the growth in ASI pushed both
month-to-date and year-to-date returns to 2.32 percent.
“The rally was driven by strong buying interest in stocks
such as Cadbury Nigeria, Fidson Healthcare, and Champion Breweries, reflecting
the traditional 'January Effect' that often characterises early-year market
activity,” NGX said.
“Investor sentiment strengthened markedly, with market
breadth improving to 9.13x as 73 equities recorded gains against eight
decliners, signalling widespread participation in the rally.”
Commenting on the milestone, Temi Popoola, group managing
director and chief executive officer (CEO) of Nigerian Exchange Group, said the
development reflects growing confidence in the Nigerian capital market.
“The equities market capitalisation crossing the ₦100
trillion mark is a defining milestone for Nigeria’s capital market and a clear
signal of renewed investor confidence as the year begins,” Popoola said.
“It reflects the market’s growing depth, resilience, and
ability to respond positively to improving macroeconomic conditions and
structural reforms.”
He added that sustained collaboration between market
stakeholders and regulators has helped strengthen market credibility.
“Over the past two years, closer alignment between market
operators, policymakers, and the Securities and Exchange Commission (SEC) has
enhanced transparency, liquidity, and investor protection, reinforcing the
Exchange’s role in mobilising long-term capital for economic growth,” he said.
Providing further insight into market activity, Jude
Chiemeka, CEO of Nigerian Exchange Limited, noted that the rally was supported
by improving participation and selective demand across key sectors.
“The breadth of the market tells a positive story,” Chiemeka
said.
“We are seeing strong participation across banking,
industrial, and consumer stocks, alongside rising trading volumes, which
suggests growing investor confidence and a more active market at the start of
the year.”
NGX said trading activity was mixed during the session.
According to the statement, total volume traded rose by
58.13 percent to 695.64 million shares, while the value of transactions
declined by 25.57 percent to N18.57 billion across 56,606 deals.
The exchange added that year-to-date equities turnover
increased to N43.52 billion.
“To open the week, Zenith Bank led trading by value at ₦3.51
billion, followed by WAPCO with ₦2.56 billion and Aradel Holdings at ₦1.57
billion, while Access Holdings and GTCO also featured among the most actively
traded stocks,” the statement said.
The NGX said fixed income market capitalisation remained
unchanged at N51.48 trillion, while the exchange-traded funds (ETF) segment
recorded growth, with market capitalisation rising to N50.45 billion,
underscoring increasing investor interest across asset classes.
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