KEY POINTS
- NGX market capitalisation crossed N100 trillion milestone.
- Broad-based buying lifted the All-Share Index.
- Investor confidence strengthened across major sectors.
Fresh buying interest swept through Nigeria’s equities market at the start of the week, pushing total market capitalisation above the N100 trillion threshold for the first time and underscoring renewed investor confidence at the beginning of the year.
Data from the Nigerian Exchange Limited showed that total equities market capitalisation rose to N101.81 trillion, reflecting a broad advance in share prices across multiple sectors. The NGX All-Share Index climbed 1.74 percent to close at 159,218.22 points, up from 156,492.36 points in the previous session, lifting both month-to-date and year-to-date returns to 2.32 percent.
The rally was driven by strong demand for select mid- and large-cap stocks, including Cadbury Nigeria, Fidson Healthcare and Champion Breweries. Market participants said that some of the momentum was due to the “January Effect,” which happens when people change their portfolios at the start of the year.
NGX market capitalisation crosses N100 trillion
Market breadth highlighted the strength of the advance, with 73 stocks closing higher against just eight decliners, signalling widespread participation rather than gains concentrated in a few names. Analysts said the milestone reflects not only price appreciation but also improved sentiment toward Nigerian assets amid signs of macroeconomic stabilisation.
Temi Popoola, group managing director and chief executive officer of Nigerian Exchange Group, described the development as a defining moment for the capital market. He said surpassing the N100 trillion mark signals growing depth and resilience, as well as the market’s ability to respond to structural reforms and improving economic conditions.
According to Popoola, closer coordination among market operators, policymakers and the Securities and Exchange Commission over the past two years has enhanced transparency, liquidity and investor protection, reinforcing the Exchange’s role in mobilising long-term capital for economic growth.
NGX market capitalisation reflects broad participation
Further insight into trading activity pointed to improving participation across key sectors. Jude Chiemeka, chief executive officer of Nigerian Exchange Limited, said the rally was supported by selective demand in banking, industrial and consumer stocks, alongside rising trading volumes.
Chiemeka noted that the strong market breadth suggests investors are returning with greater conviction, creating a more active and balanced market early in the year. He added that sustained engagement by both domestic and foreign investors would be critical to maintaining momentum as earnings season approaches.
Market watchers said the durability of the rally will depend on corporate performance, policy clarity and broader economic signals, but the early surge has set a positive tone for equities trading in the weeks ahead.
