Nigerian Stock Market Surges N822bn Amid Positive H1 Results
The Nigerian stock market witnessed a significant gain of N822 billion in market capitalization in the past week, following impressive first-half results for 2025. The Nigerian Exchange Limited (NGX) saw positive momentum with the All-Share Index (ASI) rising by points.
The market's capitalization closed at N trillion, reflecting investor optimism and selective positioning based on macroeconomic data. Despite some decliners, major gainers included Guinness Nigeria and Multiverse Mining Exploration.
The market's positive performance was influenced by expectations of a rate cut at the upcoming Monetary Policy Committee meeting and improving macroeconomic indicators.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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