The Nigerian stock market recorded a remarkable gain of ₦611 billion as investor confidence returned, signaling renewed optimism in the country’s equities market. The impressive rebound was driven by strong performances across key sectors, including banking, consumer goods, and industrials.
According to the Nigerian Exchange Group (NGX), market indicators reflected significant upward movement, with several blue-chip stocks contributing to the overall gain. Investors reacted positively to favorable economic data and announcements from leading companies, which bolstered market sentiment.
Top gainers for the trading session included major players such as Guaranty Trust Holding Company (GTCO), Nestlé Nigeria, Zenith Bank, Dangote Cement, and Access Bank, each reporting notable share price increases. Analysts attributed the surge to improved liquidity, strategic investments, and renewed confidence in Nigeria’s economic recovery.
Market experts believe that the current trend demonstrates the resilience of Nigeria’s stock market and the growing appetite among investors to participate in profitable opportunities. They also noted that sustained policy support from the government and central bank interventions could further strengthen market performance in the coming months.
The ₦611 billion gain underscores a positive shift in investor sentiment, providing optimism for both local and foreign portfolio investors. Market watchers remain keenly observant of the next trading sessions, expecting continued momentum as confidence in the Nigerian stock market rebuilds.
Kindly Share this News!!!