Market Boom: Investors Rake In N193bn as Trading Week Kicks Off
The Nigerian stock market opened the week on a bullish note, rewarding investors with a remarkable N193 billion gain in a single session.
Trading activities on the Nigerian Exchange Limited (NGX) surged on renewed investor confidence, driving the market capitalisation up to N56.54 trillion from the previous N56.35 trillion at the close of the last session.
The All-Share Index followed suit, advancing by 0.34 per cent to close at 99,793.71 points, compared to the 99,456.20 points recorded on Friday.
This positive momentum was powered by gains in key stocks across banking, energy, and industrial sectors. Heavyweight equities such as FBN Holdings, Fidelity Bank, and Seplat Energy led the rally, boosting market sentiment and volume turnover.
Traders exchanged over 963 million shares valued at N13.5 billion in more than 8,500 deals, reflecting strong market activity and renewed appetite from institutional and retail investors alike.
Analysts believe the uptick signals growing optimism around macroeconomic stability and corporate earnings expectations for the second half of the year.