US EditionNigeria: Market Cap Hits All-Time High of N100trn On Strong Early-Year Buying
Market capitalisation rose to about N101.81 trillion ($71.15 billion) driven by gains in key stocks and broad investor participation, reflecting renewed confidence in Nigeria's capital market.
- Last week, Nigerian Exchange Limited opened the year with stock market capitalisation crossing the N100 trillion mark, rising from N99.94 trillion to N101.81 trillion yesterday and advancing to $71.15 billion.
- Strong buying in BUA Cement Plc, Guaranty Trust Holdings Plc, and United Bank for Africa Plc reflected the 'January Effect', while collaboration among market stakeholders and regulators strengthened demand.
- Breadth and volumes showed broad participation, with 73 gainers to eight decliners, total volume rose 58.13% to 695.64 million shares while transaction value fell 25.57% to N18.57bn across 56,606 deals.
- Temi Popoola described the milestone as a sign of growing confidence in the Nigerian capital market, while Jude Chiemeka said `The breadth of the market tells a positive story`, linking it to stronger participation and depth.
- Despite the equities rally, trading activity was mixed during the session as fixed-income market capitalisation held steady at N51.48 trillion while the exchange-traded funds segment grew to N50.45 billion.
12 Articles
12 Articles
Nigeria: Market Cap Hits All-Time High of N100trn On Strong Early-Year Buying
Nigerian Exchange Limited (NGX) opened the year on a strong footing, with stock market capitalisation crossing the N100 trillion mark, buoyed by renewed investor demand and broad-based gains across listed stocks.
Tinubu Celebrates NGX Crossing ₦100 Trillion Mark, Urges Nigerians to Boost Local Investments
President Bola Tinubu has commended stakeholders in Nigeria's capital market for propelling the Nigerian Exchange Limited (NGX) beyond the historic ₦100 trillion market capitalization threshold.In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President hailed the milestone as a powerful inspiration for investors in the nation's money and capital markets.He called on Nigerians to increase their investmen…
NGX Crossing N100trn Reflects Renewed Investor Confidence—Popoola,
By Aduragbemi Omiyale The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Temi Popoola, and his counterpart at the NGX Limited, Mr Jude Chiemeka, have expressed delight over the value of the bourse breaking the N100 trillion ceiling on Monday. Yesterday, the domestic stock exchange gained 1.74 per cent, with the market capitalisation […]
Nigerian Stock Market Breaks Overall Record As Market Value Exceeds N101trn
Yesterday, January 5, 2026, the Nigerian Stock Market achieved a significant milestone: for the first time ever, its market value exceeded N100 trillion. Following a robust rally, equity capital increased from N99.90 trillion to N101.5 trillion. As investors bought into mid- and large-cap counters, the market, which was tracked by the All-Share Index (ASI), jumped 2,725.8 points, or 1.74%, to close at 159,218.2, up from 156,730.7. Positive sen…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
