Nigeria's NGX All-Share Index Breaks 200,000 Barrier on Strong Investor Demand
•By Odume Festus •Research Signal
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Nigeria’s stock market hit a major milestone on Monday, with the NGX All-Share Index (ASI) crossing the 200,000-point mark, buoyed by strong investor demand and broad-based gains across key sectors.
The benchmark index rose 1.55% to close at 201,474.89 points, up from 198,407.30 points in the previous trading session.
This brings the month-to-date (MTD) return of the ASI to 4.48% and the year-to-date (YTD) return to 29.47%, reflecting strong market momentum.
Market capitalisation expanded to ₦129.33 trillion, up from ₦127.36 trillion previously, as large-cap stocks led gains across the market.