Nigerian Stock Exchange Market Cap Surpasses N100 Trillion Mark

The Nigerian Stock Exchange (NGX) has achieved a milestone by exceeding N100 trillion in market capitalization, hitting N101.80 trillion. The market witnessed a notable increase from N99.94 trillion recorded on January 2, representing a N1.87 trillion surge.

The market capitalization growth of 69.61 billion in local currency and 71.15 billion in dollar terms was observed during trading. The All-Share Index (ASI) appreciated by 1.74% to 27,258.86 basis points.

This rally was primarily driven by strong buying interest in stocks like Cadbury Nigeria (NGX: CADBURY), Fidson Healthcare (NGX: FIDSON), and Champion Breweries (NGX: CHAMPION). The market's positive performance reflects growing confidence in Nigeria's capital market and signals renewed investor trust at the beginning of the year.