The Nigerian Stock Exchange (NGX) closed at 99,448.91 points on Monday, which is 258.96 higher than Friday’s closing number (99,448.91).
The market capitalization also rose to N60.261 trillion, which is N161 billion better than N60.10 trillion at the previous trading day.
Over the past 10 months, the Nigerian Stock Exchange (NGX) All-Share Index (ASI) has shown a remarkable performance, increasing by 33% since the beginning of 2024.
The market capitalization has also seen significant growth, reflecting investor confidence and a positive economic outlook.
Financial experts say the strong gains in major stocks of companies like Dangote Cement, BUA Cement, and Seplat have seen substantial increases in their stock prices.
“Positive investor sentimentThe consistent rise in the ASI indicates strong investor confidence and a bullish market trend.”
