Stocks hit record high as market cap reaches N163tn
The Nigerian equities market hit a record high, with the All-Share Index reaching 251,191.02 points and market capitalisation expanding to N163.06tn. Read More: https://punchng.com/stocks-hit-record-high-as-market-cap-reaches-n163tn/
The Nigerian equities market experienced a record-breaking surge on Wednesday, with the All-Share Index closing at an all-time high of 251,191.02 basis points. This marked a 0.23 percent increase from the previous day's closing of 250,614.66 points, prompting the total market capitalization to expand by over N374 billion to reach N163.06 trillion.
This upward trend can be attributed to sustained investor interest and strategic realignments across key blue-chip stocks and high-yield instruments. Market analysts anticipate the positive sentiment to continue, driven by strong corporate fundamentals and targeted institutional buying.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
