The Nigerian stock market extended its bullish run for the seventh consecutive trading session in 2026, with total market capitalisation rising above ₦106 trillion on sustained buying interest.
Trading on the Nigerian Exchange (NGX) closed with the All-Share Index advancing above the 165,000-point mark, supported by gains across key sectors of the market. The rally translated into significant wealth creation for investors, adding over ₦1 trillion in market value during the session.
Large-cap stocks led the advance, particularly in the telecommunications, consumer goods and industrial sectors, as positive sentiment continued to drive demand for equities. Market breadth remained positive, with the number of gainers exceeding decliners, reflecting broad participation in the rally.
Analysts attribute the sustained uptrend to improved earnings expectations, renewed investor confidence, and ongoing portfolio adjustments in response to prevailing economic conditions. While mild profit-taking may occur in subsequent sessions, market sentiment remains positive, with equities expected to maintain their upward bias in the near term. Visit www.jocomms.com for more news.