The Nigerian equities market extended its bullish run on Monday as investors gained N905 billion amid sustained buying interest in large and mid-cap stocks across major sectors of the market.
Market capitalisation advanced by 0.57 per cent to close at N160.982 trillion, compared to N160.077 trillion recorded at the close of trading on Friday.
Similarly, the All-Share Index (ASI) appreciated by 1,412.65 basis points to settle at 251,125.02, up from 249,712.37 posted in the previous session, reflecting renewed investor confidence and continued positive market sentiment.
The latest rally was largely driven by strong demand for shares in companies such as Airtel Africa, International Energy Insurance, Sovereign Trust Insurance, Caverton Offshore Support Group and VFD Group, alongside gains recorded in over 30 other equities.
The market’s year-to-date return also strengthened to 61.38 per cent, underscoring the sustained momentum that has characterised the equities market in recent months.
Analysts attributed the positive
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