Lagos, Nigeria – The Nigerian equities market maintained its upward momentum on Thursday as the NGX All-Share Index rose by 0.70% to close at 145,813.86 points, marking another day of gains for investors. The sustained positive performance pushed the total market capitalization of listed equities to ₦92.25 trillion, while the Fixed Income market grew to ₦51.44 trillion, reflecting broad-based investor confidence across key asset classes.
However, Exchange Traded Products (ETPs) bucked the trend, recording a 0.97% decline to close at ₦35.62 billion. The mixed performance across different market segments suggests selective investor positioning despite the overall bullish sentiment.
Market analysts attributed the continued rally to improving macroeconomic conditions, strong corporate earnings reports, and renewed foreign portfolio investment flows. The NGX has now posted multiple consecutive positive trading sessions, reinforcing Nigeria’s position as one of Africa’s most dynamic capital markets.
Trading activity remained robust across major sectors, with banking and consumer goods stocks leading the charge. Market watchers will be closely monitoring upcoming corporate earnings releases and central bank policy decisions for further market direction cues.
The NGX’s year-to-date return now stands at 8.45%, outperforming many emerging market peers. As trading closed for the day, market breadth remained positive with 28 gainers outpacing 15 losers, suggesting the bullish momentum could extend into Friday’s session.
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