By Joy Baba-Yesufu
The Nigerian stock market has recorded landmark performance as investors gained a staggering ₦1.806 trillion in a single day—marking one of the most significant daily gains in the market’s history.
The bullish momentum was driven by a sharp rally in key equities, with the All-Share Index (ASI) surging by 2,457.13 points or 2.01% to close at 124,446.80, breaching the 124,000 mark for the first time. This uptrend pushed the total market capitalisation to ₦78.726 trillion, up from ₦76.970 trillion the previous day—an increase of 2.35%.
Analysts attribute the record-breaking performance to renewed investor confidence, improved market liquidity, and positive sentiment around ongoing economic reforms and policy signals.
Market breadth closed impressively positive, with 70 gainers outpacing 10 losers, reflecting broad-based bullish activity.
Among the top performers:
FTN Cocoa rose 10% to close at ₦6.82 per share.
UPDC gained 10% to finish at ₦4.62.
UBA advanced by 10% to ₦39.60.
Consolidated Hallmark Holdings added 10% to ₦3.30.
Haldane McCall also rose 10%, closing at ₦4.73.
On the flip side, Neimeth Pharmaceuticals led the losers’ chart, shedding 9.91% to ₦9.00, followed by Legend Internet, which dropped 9.88% to ₦7.21. Industrial and Medical Gases fell by 7.36% to ₦34.00, while Cadbury Nigeria and Livestock Feeds declined by 6.22% and 5.67%, respectively.
Trading activity also surged, with 1.3 billion shares valued at ₦27.73 billion exchanged in 27,875 deals, compared to 888.7 million shares worth ₦15.61 billion across 24,303 deals the previous day.
Access Corporation topped the activity chart with 174.22 million shares traded, valued at ₦3.99 billion. It was followed by AIICO Insurance with 81.96 million shares worth ₦165 million, and Ja Paul Gold, which recorded 74.01 million shares worth ₦245.2 million.
Other active stocks included UBA with 64.51 million shares valued at ₦2.52 billion, and First City Monument Bank (FCMB) with 63.3 million shares worth ₦585.75 million.
The strong performance has positioned the Nigerian Exchange (NGX) as one of the best-performing markets in the region, with investors optimistic about sustained gains amid ongoing macroeconomic stabilisation efforts.
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