Nigerian Stock Market Gains N190 Billion in Single-Day Surge

The Nigerian stock market continued its bullish trend, gaining N190 billion in a single day of trading. The market capitalization rose from N20 trillion to N20.19 trillion, with the All-Share Index (ASI) increasing by 0.94%.

Market activity saw investors exchanging 344.68 million shares valued at N4.05 billion. The positive market breadth was reflected in 41 stocks advancing, 12 declining, and the rest unchanged.

This performance indicated investor confidence and optimism in the Nigerian economy. Additionally, the naira maintained its strength in both the official and unofficial foreign exchange markets, signaling stability ahead of the next Monetary Policy Meeting.