Nigerian Stock Market Hits Record N10.54 Trillion in Santa Rally

The Nigerian stock market, specifically the Nigerian Exchange Group (NGX), witnessed a Santa rally with transactions reaching a record high of N10.54 trillion, reflecting growing investor confidence and market reforms. The market's year-to-date return stood at approximately 47.73%, primarily fueled by price increases in consumer goods, industrial, insurance, and banking stocks.

Key figures like Temi Popoola and Jude Chiemeka from Nigerian Exchange Group and Vetiva Research, respectively, highlighted the market's positive momentum and potential for sustained growth.