NGX REBOUNDS STRONGLY AS MARKET CAPITALISATION HITS N155.59TN

The Nigerian Exchange (NGX) staged a notable rebound on Wednesday, pushing the total market capitalisation to an impressive N155.59 trillion as investors responded positively to improved market sentiment and select blue-chip performances.

The gain reflects renewed confidence in the equities market amid ongoing economic reforms and attractive valuations in key sectors. Banking and industrial stocks led the charge, contributing significantly to the day’s turnover and overall market uptick.

Analysts attribute the rebound to positive corporate earnings reports, expectations of stable macroeconomic policies, and foreign portfolio inflows returning cautiously. The All-Share Index also recorded gains, reversing some of the recent losses triggered by profit-taking and global uncertainties.

Market participants expressed optimism that sustained reforms, including efforts to improve the business environment and attract more listings, could drive further growth. However, experts caution that volatility remains possible due to inflation trends, foreign exchange dynamics, and global oil price movements.

The NGX continues to demonstrate resilience, with market capitalisation reflecting substantial growth over recent years. Stakeholders urged continued investor education and regulatory support to deepen market participation and enhance liquidity.

This performance underscores the bourse’s role as a critical engine for capital formation and economic development in Africa’s largest economy.