Nigeria’s All-Share Index soared past 200,000 points for the first time on Monday, closing at 201,474.9 after a 3,067.6-point gain.
The 1.55 per cent jump came from Friday’s closing level of 198,407.3, with BUA Cement leading the rally in West Africa’s biggest equities market.
Trading volume climbed to 948.1 million shares from 590.8 million in the previous session, reflecting renewed investor interest on the Nigerian Exchange.
Market capitalisation hit N129.3 trillion, up N3 trillion from the prior close, as buying pressure intensified across large-cap counters.
The milestone caps weeks of steady gains, pushing year-to-date returns above 27.50 per cent from earlier levels.
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Heavyweight stocks like BUA Cement fueled the surge following strong weekly performances, with industrial stocks leading the charge.
The index first topped 198,000 last week on industrial gains, with momentum building through sustained large-cap buying.
Foreign and local funds continued chasing growth opportunities amid oil price boosts driven by ongoing tensions in the Middle East.
Nigeria’s exchange continues attracting investor attention as equities shine against the backdrop of improving corporate earnings.
Oil price surges stemming from Iran tensions have provided additional support for energy stocks listed on the bourse.
Investors are betting on economic reforms and firm profit delivery from listed companies across key sectors of the economy.
The record signals growing confidence in the policy direction and recovery momentum under the current administration.
Market participants remain watchful for potential pullbacks amid global risk factors that could affect sentiment.
Trading activity is expected to remain key for wealth creation as the exchange consolidates its position above the historic 200,000 threshold.
