Nigerian Exchange Market Cap Hits N163.86 Trillion

On Thursday, the Nigerian Exchange Limited reported a positive trading session, with the market capitalization of equities rising from N163.531 trillion to N163.859 trillion. The All-Share Index increased by 505.56 points, closing at 252,366.80 basis points, up from 251,861.24 basis points in the previous session.

This upward trend marked a weekly high of 252,456.74 index points and a low of 248,877.22 index points. Various sectoral performance indices also demonstrated gains, with the NGX Oil and Gas Index rising from 5,879.41 to 5,991.03 basis points and the NGX Premium Index moving up from 32,967.82 to 33,165.48 basis points.

The NGX Banking Index closed at 2,356.81 basis points, the NGX Consumer Goods Index at 3,931.84 basis points, and the NGX Industrial Index remained flat at 12,336.94 basis points. Total market volume reached billions of units traded across thousands of deals, indicating robust investor participation and a resilient trading session under the benchmark monetary policy rate of 23.00 percent.