Nigerian Equities Rally Delivers ₦905bn Windfall as Market Cap Tops ₦160.98trn

The Nigerian equities market extended its bullish run on Monday. Investors pocketed a ₦905bn gain as market capitalisation rose 0.57% to ₦160.982trn from ₦160.077trn. The All-Share Index jumped 1,412.65 basis points to settle at 251,125.02. The rally was powered by strong demand for Airtel Africa, International Energy Insurance, Sovereign Trust Insurance, Caverton Offshore and VFD Group. More than 30 other stocks also recorded gains. Year-to-date returns strengthened to 61.38%, underscoring sustained momentum. Analysts say growing appetite for fundamentally sound stocks, improved corporate earnings expectations and institutional portfolio repositioning drove the surge. Market breadth closed positive with 35 gainers against 32 losers. Trading activity dipped as volume fell 11.58%. Investors exchanged 629.42 million shares valued at ₦40.91bn in 82,434 deals. Access Holdings led by volume with 61.29 million shares, while Aradel Holdings topped value at ₦11.99bn. Observers expect economic reforms and stronger corporate performance to support further stability.

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