Nigerian Exchange (NGX) market capitalisation climbed above the N100 trillion mark on Monday, closing at about N101.8 trillion, driven by strong investor demand across key sectors.
Gatekeepers News reports that data from the Exchange showed that this represents a significant rise from around N99.9 trillion recorded earlier in the week, with the market value boosted by widespread buying in banking, consumer goods, and other large-cap stocks.
The All‑Share Index (ASI) also climbed sharply, gaining nearly 1.74 percent to settle above 159,000 points, reflecting heightened market activity and renewed optimism among investors.
Analysts say the strong start to the year follows a bullish finish in 2025, when equities delivered one of their best annual returns in years, lifting overall market value and encouraging both local and foreign participation.
Market data showed trading volumes and turnover remained active, with several blue‑chip stocks leading value and volume rankings for the session.
Temi Popoola, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, said the crossing of the N100 trillion mark shows confidence in Nigeria’s capital market and underscores deeper engagement by investors early in the year.
The surge reflects sustained momentum from macroeconomic reforms and improved investor sentiment that helped the equities market outperform many of its African peers in 2025.
