Stock Investors Gain N1.77trn As Market Cap Crosses N100trn

The Nigerian equities market yesterday sustained its positive momentum to open trading for this week, with market capitalisation surging by N1.87 trillion, surpassing the N100 trillion milestone.

This achievement was also supported by the additional listing of 2.575 billion First Holdco shares.

The All Share Index (ASI) gained by 2,725.86 points, representing a growth of 1.74 per cent to close at 159,218.22 points. Also, market capitalisation gained N1.869 trillion to close at N101.807 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Aradel Holdings, Eunisell Interlinked, Nigerian Exchange Group, NASCON Allied Industries and Fidson Healthcare.

Speaking on the milestone, Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, Temi Popoola, said the achievement reflected growing confidence in the Nigerian capital market.

“The equities market capitalisation crossing the N100 trillion mark is a defining milestone for Nigeria’s capital market and a clear signal of renewed investor confidence as the year begins.

“It reflects the market’s growing depth, resilience, and ability to respond positively to improving macroeconomic conditions and structural reforms,” Popoola said.

He added that sustained collaboration between market stakeholders and regulators has played a key role in strengthening market credibility, saying that “over the past two years, closer alignment between market operators, policymakers, and the Securities and Exchange Commission (SEC) has enhanced transparency, liquidity, and investor protection, reinforcing the Exchange’s role in mobilising long-term capital for economic growth.”

Also, the chief executive officer, Nigerian Exchange Limited, Jude Chiemeka, noted that the rally was supported by improving participation and selective demand across key sectors.

“The breadth of the market tells a positive story. We are seeing strong participation across banking, industrial, and consumer stocks, alongside rising trading volumes, which suggests growing investor confidence and a more active market at the start of the year,” Chiemeka said.

Investor sentiment remained robust, with 73 gainers against seven decliners. Abbey Mortgage Bank, Cadbury Nigeria, Champion Breweries, Fidson Healthcare, FTN Cocoa Processors, May & Baker Nigeria, PZ Cussons Nigeria, Regency Alliance Insurance, Secure Electronic Technology and Wapic Insurance recorded the highest price gain of 10 per cent each to close at N6.60, N64.90, N15.40, N60.50, N6.05, N20.90, N49.50, N1.21, 88 kobo and N3.85 respectively, per share.

Mutual Benefits Assurance followed with a gain of 9.97 per cent to close at N3.75, while Oando and Red Star Express rose by 9.95 per cent each to close at 44.20 and N10.50, respectively, per share.

On the other hand, Juli led the losers’ chart by 9.93 per cent to close at N7.26, per share. Ikeja Hotel followed with a decline of 9.91 per cent to close at N40.45, while SUNU Assurance declined by 4.55 per cent to close at 5.25, per share.

Sovereign Trust Insurance depreciated by 2.36 per cent to close at N3.72, while Berger Paints declined by 2.08 per cent to close at N47.00, per share.