NGX RECORDS N961.75BN GAIN AS MARKET RALLY HITS FIFTH STRAIGHT SESSION

The Nigerian Exchange (NGX) extended its bullish run for the fifth consecutive session, posting a significant N961.75 billion gain in market capitalisation as investors continued to show strong appetite for equities.

The sustained rally was driven by renewed buying interest in banking, consumer goods, and industrial stocks, with positive corporate earnings and attractive valuations supporting the momentum. The All-Share Index also recorded notable gains during the trading session.

Market analysts attributed the performance to improving sentiment around economic reforms, stable oil prices, and expectations of continued foreign inflows. Some investors also took positions ahead of upcoming corporate actions and dividend announcements.

Despite the positive trend, experts cautioned that the market remains sensitive to macroeconomic developments, including inflation trends and foreign exchange movements. They advised investors to maintain a long-term perspective while monitoring global and domestic signals.

The NGX has shown remarkable resilience in recent months, reflecting growing confidence in Nigeria’s capital market. Stakeholders expect the positive momentum to continue if supportive policies and corporate performance remain strong.