HomeBusinessStocks hit record high as market cap reaches N163tn

Stocks hit record high as market cap reaches N163tn

The Nigerian equities market maintained a strong bullish momentum on Wednesday, as trading activities closed on a positive note across major market indicators, lifting the All-Share Index to an all-time peak.

The benchmark All-Share Index advanced by 0.23 per cent to settle at 251,191.02 basis points, up from 250,614.66 points recorded in the previous session.

Consequently, the total market capitalisation expanded by over N374bn to close at N163.06tn, compared to N162.68tn reported on Tuesday. This upward trajectory reflects sustained investor interest and key portfolio realignments across blue-chip counters and high-yield instruments.

A broader assessment of market trends over the trading week highlights an uninterrupted upward movement from Thursday, September 17, when the All-Share Index stood at 246,315.38 points with a capitalisation of N159.89tn.

Across the five-day trading period, the market index averaged 249,616.48 points, recording its lowest level at 246,315.38 points before peaking at Wednesday’s high of 251,191.02 points.

Market

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