Nigerian Stock Market Gains N3.84 Trillion in One Week, NGX Index Surges

Nigerian investors gained N3.84 trillion in one week, with the Nigerian stock market experiencing a surge in market capitalization to nearly N104 trillion. The NGX All-Share Index closed the week at 162,298.08 points, reflecting a strong performance and boosting investor confidence.

Market breadth ratio was positive at 3.82x, indicating more advancing stocks than declining ones. Various sectors, including insurance, industrial goods, oil and gas, commodities, banking, and consumer goods, performed well.

The Chartered Institute of Stockbrokers (CI) and other industry bodies praised the Nigerian Stock Exchange for reaching a market capitalization milestone of N100 trillion.