Lagos: The Nigerian stock market opened the week on a strong note, adding ₦1.869 trillion as market capitalisation surged past the historic ₦100 trillion mark to close at ₦101.806 trillion.
The rally boosted investor portfolios and underscored renewed confidence in the equities market.
The upbeat performance was driven by sustained interest in heavyweight stocks, including Cadbury, Abbey Mortgage Bank, Fidson, Champion Breweries, FTN Cocoa Processors, and 68 others.
Market capitalisation rose from ₦99.937 trillion at opening to ₦101.806 trillion by Friday’s close, while the All-Share Index advanced 1.74 per cent, gaining 2,725.86 points to settle at 159,218.22.
Market breadth was firmly positive, with 73 gainers against just 8 losers. Cadbury, Abbey Mortgage Bank, Fidson, Champion Breweries, and FTN Cocoa Processors led the charge, each appreciating by 10 per cent.
Conversely, Juli fell 9.93 per cent, Ikeja Hotel dropped 9.91 per cent, while Sunu Assurances, Sovereign Trust Insurance, and Berger Paints also recorded declines.
Trading activity was robust, with volume rising 58.13 per cent to 695.64 million shares, though transaction value dipped 25.57 per cent to ₦18.57 billion across 56,632 deals.
Tantalizer accounted for the highest volume with 71.75 million shares, while Zenith Bank led in value at ₦3.51 billion, representing 18.89 per cent of total turnover.
Temi Popoola, Group Managing Director of the Nigerian Exchange Group, hailed the milestone as a defining moment for Nigeria’s capital market. “Crossing the ₦100 trillion mark signals renewed investor confidence and reflects the market’s depth, resilience, and ability to respond positively to improving macroeconomic conditions and reforms,” he said.
He added that stronger collaboration between market operators, regulators, and policymakers has enhanced transparency, liquidity, and investor protection, reinforcing the Exchange’s role in mobilising long-term capital for growth.
Jude Chiemeka, CEO of Nigerian Exchange Ltd., noted that the rally was broad-based, with strong participation across banking, industrial, and consumer stocks.
“The breadth of the market tells a positive story. Rising volumes and selective demand point to growing investor confidence and a more active market at the start of the year,” he said.
