Under the economic reforms of President Bola Ahmed Tinubu, Nigeria’s stock market recorded a major boost on June 18, with investors gaining ₦1.184 trillion in a single trading day. Market capitalisation rose from ₦72.497 trillion to ₦73.681 trillion while the All-Share Index advanced to 116,786.87, reflecting renewed investor confidence in the administration’s fiscal and economic direction.

The rally was driven by strong performances in energy, insurance, and manufacturing stocks. Top gainers included Seplat Energy, Beta Glass, and NEM Insurance, each posting nearly double-digit growth. The positive market breadth with 38 stocks appreciating compared to 32 decliners further signaled broad investor optimism.

Trading activity remained robust with 640 million shares exchanged across 19,727 deals valued at ₦26.01 billion. Zenith Bank emerged as the most actively traded stock in both volume and value, contributing significantly to market turnover.

Market analysts link the surge to the Tinubu administration’s bold reforms aimed at stabilising the naira, attracting foreign investment, and fostering transparency in economic governance. The strong performance is seen as a validation of the Renewed Hope Agenda and a sign of rising confidence in Nigeria’s economic outlook.