Nigerian Stock Market Gains N1.864 Trillion as Bullish Rally Extends
The Nigerian stock market added N1.864 trillion in market capitalisation on Tuesday, closing at N152.135 trillion amid sustained investor confidence.
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The Nigerian stock market extended its bullish momentum on Tuesday, recording a gain of N1.864 trillion in market capitalisation. Market value rose 1.24 percent to close at N152.135 trillion, up from the previous day’s N150.271 trillion, according to data cited by Peoples Gazette.
This rally marks a continuation of positive investor sentiment in the equity market, with the latest uptick reflecting broad-based gains across key sectors. The All-Share Index (ASI), the primary gauge of equity performance on the Nigerian Exchange Limited (NGX), mirrored the rise in market capitalisation, although specific index levels were not disclosed in the available reports.
Vanguard News confirmed the rally, reporting that trading activity on Tuesday contributed to the N1.864 trillion increase in investor wealth. The surge follows recent improvements in macroeconomic indicators and increased participation by both retail and institutional investors. Market analysts note that improved foreign exchange liquidity and stable monetary policy signals from the Central Bank of Nigeria (CBN) may be supporting the current upswing.
The sustained rally suggests growing confidence in Nigeria’s capital markets despite ongoing structural challenges. With market capitalisation now standing at N152.135 trillion, further gains will depend on corporate earnings performance, inflation trends, and fiscal policy clarity in the coming months.