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, Fidson Healthcare, and Champion Breweries. The market's positive performance reflects growing confidence in Nigeria's capital market and signals renewed investor trust at the beginning of the year.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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