Nigerian Stock Market Surpasses 197,000 for First Time

On March 9, 2026, the Nigerian stock market achieved a historic milestone by crossing the 197,000 threshold for the first time, closing at 197,197.0 after a rise of 228.8 points. The trading activity showed moderate strength, with a volume of 762.5 million shares traded, indicating a cautious improvement in investor participation.

The equity capital slightly increased to N126.5 trillion across 86,488 deals, up from N126.43 trillion in the previous session. Aradel led the market with a turnover of N5.07 billion, followed by Zenith Bank at N3.6 billion, contributing significantly to the day's transactions.

The market momentum remained bullish, with a year-to-date return of 26.72%, reflecting steady investor confidence. Notable stock performances included Intern Breweries, which gained 8.09%, while Nigerian Breweries lost 2.44%.

Despite daily gains, some stocks like Access Holdings experienced a decline of 3.85%, indicating a mixed performance across the market.