Investors Gain ₦1.27tn as NGX Extends Bull Run
Investors on the Nigerian Exchange (NGX) recorded a gain of ₦1.27 trillion as equities sustained their bullish momentum, driven by strong buying interest in key large-cap and mid-cap stocks.
Market capitalisation rose to ₦X trillion, up from ₦X trillion in the previous session, while the All-Share Index (ASI) climbed by X points to close at X points, representing a percentage increase of X per cent.
The positive performance was largely attributed to renewed investor confidence, bargain hunting, and sustained interest in banking, industrial, and consumer goods stocks. Heavyweights such as Dangote Cement, MTN Nigeria, BUA Cement, and tier-one banks led the rally, pushing overall market sentiment firmly into positive territory.
Trading data showed that market breadth closed positive, with gainers outnumbering losers, reflecting broad-based participation across sectors. Analysts noted that improved earnings expectations and declining sell pressure have continued to support the market’s upward trajectory.
According to stockbrokers, the rally signals growing optimism among domestic investors, even as foreign participation remains cautious amid global economic uncertainties and interest rate concerns.
“The sustained bull run reflects improving sentiment and expectations of stronger corporate earnings, particularly in the banking and industrial sectors,” a market analyst said.
Looking ahead, analysts expect the NGX to maintain positive momentum in the near term, though they caution that profit-taking could occur as prices rise. Investors are advised to remain selective and focus on fundamentally strong stocks with solid earnings prospects.
