Nigerian Stocks Surge: N4.08 Trillion Investor Gains as ASI Hits 171,727 Points

 The Nigerian Exchange Limited (NGX) continued its impressive bullish run last week, with investors pocketing over N4.08 trillion in gains across five trading days. This performance reflects sustained positive momentum in the equities market, driven by strong buying interest in key sectors and large-cap stocks.

The rally was fueled by significant appreciations in major stocks, including:

MTN Nigeria (up 8.4%)

Dangote Cement (7.1%)

Seplat Energy (10.0%)

WAPCO (6.4%)

Stanbic IBTC (8.5%)

Other notable performers included RT Briscoe (up over 60%) and Zichis Agro Allied Industries (also exceeding 60% gains), contributing to broad-based advances. While 71 equities appreciated, 35 declined, and the market breadth remained largely positive. Most sectoral indices closed higher, though the NGX Insurance Index dipped slightly by 2.33%.

This week's performance builds on the NGX's recent milestones, including breaching the N110 trillion market cap threshold and shattering the 170,000-point ASI barrier amid renewed investor confidence, improved corporate earnings outlooks, and reduced foreign exchange pressures on some firms.

The sustained uptrend signals robust optimism in Nigeria's capital market as participants position for further growth in 2026.