Nigerian Equities Market Sustains Uptrend, Market Cap Hits N93.50 Trillion

The Nigerian equities market continued its bullish run, with the market capitalization reaching N93.50 trillion. The All-Share Index (ASI) appreciated to 40,403.83 points, reflecting renewed investor interest.

Key performers included Custodian, Linkassure, Oando, Nahco, and Legendint, while Austinlaz, Uniondicon, and Sterlingng experienced declines. Analysts expect the market to maintain its upward trend with sustained optimism, despite mild profit-taking.

Investor sentiment remains positive, dominated by buyers focusing on blue-chip and mid-cap stocks.