Nigerian stock market extends gains as cap hits N113trn

The Nigerian stock market continued its upward trend, with the market capitalization reaching N113 trillion. This extension of positive momentum reflects ongoing investor confidence in the equities sector.

Nigeria's stock market has maintained its positive trajectory, as reported in recent updates. The market capitalization climbed to N113 trillion, marking a significant milestone in the country's financial landscape.

This development builds on previous gains, indicating sustained performance in the equities market. Investors appear to be responding favorably to current economic conditions, though specific drivers were not detailed in the available information.

The Nigerian Exchange Limited, the primary platform for such trading, continues to serve as a key indicator of economic health. As of February 11, 2026, this extension of momentum underscores the resilience of the market amid broader challenges.

No further details on individual stock performances or contributing factors were provided, but the overall cap increase highlights a robust session for traders.

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The Nigerian stock market has reached a capitalization of N100 trillion, driven by reforms and collaboration. This milestone highlights strong performance in 2025 for the nation's financial markets.

Building on February's gains that pushed market cap to N113trn, the Nigerian stock market added N1.72 trillion on March 3, 2026, fueled by strong demand for MTN Nigeria and Dangote Cement shares.

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The Nigerian stock market declined by N557 billion due to profit-taking in Lafarge and 38 other stocks. This downturn reflects investors securing gains amid market fluctuations.

India's stock markets opened higher on Monday, with the Sensex gaining 87.45 points to 83,965.62 and the Nifty rising 39.40 points to 25,829.70 as of 9:23 am. Eternal IT shares were up 3%. The headline suggested a larger Sensex gain of over 250 points, but the reported figure was lower.

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Nigeria's Gross Domestic Product expanded by 4.07% year-on-year in real terms during the fourth quarter of 2025, according to the National Bureau of Statistics.

Japan's Nikkei stock average surged to a record high of 53,814.79 shortly after trading opened on January 13, fueled by reports of a possible snap election. The rally followed Wall Street gains and a weaker yen. Finance officials hinted at potential currency intervention.

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The US S&P 500 index closed at a record high of 6,909 points, up 0.46%, driven by GDP data showing 4.3% annualized growth in the third quarter. This news reversed early losses in Wall Street and Europe, where the Ibex 35 rose 0.14% to 17,182.8 points. Optimism also boosted the Nasdaq, which gained 0.57% to 23,561 points, led by Nvidia.

 

 

 

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