The Nigerian Exchange (NGX) has achieved a historic milestone, with market capitalisation crossing the ₦100 trillion mark on Monday and Tuesday, closing at ₦101.80 trillion.
According to NGX data, this represents a ₦1.87 trillion increase from the ₦99.94 trillion recorded on January 2. In dollar terms, market capitalisation rose from $69.61 billion to $71.15 billion.
The All-Share Index (ASI) appreciated by 1.74 percent or 2,725.86 basis points, moving from 156,492.36 to 159,218.22.
The growth pushed both month-to-date and year-to-date returns to 2.32 percent.
NGX attributed the rally to strong buying interest in stocks such as Cadbury Nigeria, Fidson Healthcare, and Champion Breweries, reflecting the traditional “January Effect” that often drives early-year market activity.
Investor sentiment strengthened, with market breadth improving to 9.13x, as 73 equities recorded gains against eight decliners, signalling widespread participation.
Leadership Commentary
Temi Popoola, Group Managing Director and CEO of NGX Group, described the milestone as a defining moment:
“Crossing the ₦100 trillion mark is a clear signal of renewed investor confidence. It reflects the market’s growing depth, resilience, and ability to respond positively to improving macroeconomic conditions and structural reforms.”
He credited closer alignment between market operators, policymakers, and the Securities and Exchange Commission (SEC) for enhancing transparency, liquidity, and investor protection.
Jude Chiemeka, CEO of NGX Limited, added: “The breadth of the market tells a positive story. We are seeing strong participation across banking, industrial, and consumer stocks, alongside rising trading volumes.”
Trading Activity
- Volume traded rose by 58.13 percent to 695.64 million shares.
- Value of transactions declined by 25.57 percent to ₦18.57 billion across 56,606 deals.
- Year-to-date equities turnover increased to ₦43.52 billion.
Leading stocks by value included:
- Zenith Bank – ₦3.51 billion
- WAPCO – ₦2.56 billion
- Aradel Holdings – ₦1.57 billion
- Access Holdings and GTCO also featured prominently.
Other Segments
- Fixed income market capitalisation remained unchanged at ₦51.48 trillion.
- Exchange-traded funds (ETF) segment grew, with capitalisation rising to ₦50.45 billion, underscoring increasing investor interest across asset classes.
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