Nigerian Stock Market Hits Historic 200,000 ASI Milestone

The Nigerian stock market achieved a significant milestone as the NGX All-Share Index (ASI) crossed the historic 200,000 mark, closing at 201,474.89 points, a rise of 1.55% from the previous session's 198,407.30 points. This achievement reflects sustained momentum in Nigeria's equity market, attracting growing interest from domestic institutional investors, with a month-to-date return of 4.48% and a year-to-date return of 29.47%.

The market capitalization expanded to ₦129.33 trillion, up from ₦127.36 trillion in the previous session. Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, described this milestone as a sign of growing confidence in Nigeria's capital market.

The ongoing reforms are strengthening the domestic capital market, which is responding positively to increased participation from local investors. Trade activity remains robust, with total deals rising to 72,700, and the financial services sector dominating transaction volume.

Jude Chiemeka, Chief Executive Officer of the Nigerian Exchange, attributed the milestone to sustained demand and active participation across the market.