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The market capitalisation of the Nigerian Exchange (NGX) crossed the ₦100 trillion mark on Monday, closing at ₦101.80 trillion, according to official market data.
Figures from the exchange showed that market capitalisation rose from ₦99.94 trillion recorded on January 2, representing an increase of ₦1.87 trillion. In dollar terms, market value increased from $69.61 billion to $71.15 billion.
The All-Share Index (ASI) gained 1.74 per cent during the session, rising by 2,725.86 points from 156,492.36 to 159,218.22. The exchange said the increase pushed both month-to-date and year-to-date returns to 2.32%.
The NGX said, “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.
“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.”
Speaking on the development, Temi Popoola, group managing director and chief executive officer of Nigerian Exchange Group, said the milestone reflects growing investor confidence in the 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.”
Popoola noted that cooperation among market operators, policymakers, and the Securities and Exchange Commission has helped improve transparency and investor protection.
“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.
The session’s trading activity was mixed, according to NGX. It claims that while transaction value decreased by 25.57% to N18.57 billion across 56,606 deals, the overall volume traded increased by 58.13% to 695.64 million shares.
The exchange also reported that N43.52 billion in stocks has been traded so far this year.
According to the NGX, “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 exchange-traded funds (ETF) segment saw growth, with market capitalisation rising to N50.45 billion, indicating growing investor interest across asset classes, while fixed-income market capitalisation remained steady at N51.48 trillion, according to the NGX.
