Nigerian stock market surges N1.72trn amid sustained rally, led by MTN and Dangote Cement

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.

The Nigerian stock market continued its bullish run on March 3, 2026, with a N1.72 trillion increase in market value. This performance, reported by ThisDayLive, was driven by robust investor interest in blue-chip stocks MTN Nigeria and Dangote Cement, reflecting sustained positive sentiment.

This latest surge follows earlier milestones, such as the market cap reaching N113trn in mid-February, highlighting ongoing resilience in Nigeria's equities sector amid economic challenges.

While specific trading volumes were not detailed, the focus on major players underscores persistent confidence among investors on the Nigerian Exchange Limited.

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BSE trading floor during Sensex and Nifty rally on US-Iran ceasefire relief, with cheering traders amid rising indices and cautious expressions over fragile peace.
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Indian markets rally on US-Iran ceasefire relief but caution persists

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Indian equity benchmarks Sensex and Nifty posted their strongest single-day gains in years on Wednesday, driven by a US-Iran ceasefire that eased oil prices and inflation fears. The market capitalization of BSE-listed companies rose by ₹16.1 lakh crore. However, Asian stocks turned cautious as the ceasefire showed signs of fragility.

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.

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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.

Amid a more than 2% drop in the Nifty this month due to Middle East tensions and foreign investor outflows, InCred Equities has selected 11 stocks expected to perform well in the coming quarters. The recommendations come as India faces higher crude oil prices, given its import of nearly 90% of its oil needs. All stocks receive an 'Add' rating with target prices implying various upside potentials.

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South Korean shares opened nearly 3 percent higher on Wednesday, driven by sharp gains in blue-chip tech stocks despite Middle East uncertainties. The benchmark KOSPI jumped 162.04 points, or 2.87 percent, to 5,802.52 in the first 15 minutes of trading. Semiconductor firms led the rally following Nvidia's annual tech conference.

South Korea's main stock market, the Kospi, recorded an average daily trading value exceeding 30 trillion won in February, driven by a rally in semiconductor shares. The benchmark Kospi index rose above the 6,000-point level on Wednesday, less than a month after surpassing 5,000 points.

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Germany's DAX index hit 24,260 points intraday on Thursday, its highest level in six weeks, closing at 24,154 points up 0.4 percent. Investors are optimistic amid hopes for an end to Middle East hostilities between Iran and the US. The S&P 500, Nikkei, and MSCI World also reached records.

 

 

 

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