Echotitbits – Nigeria News

Tag: Market Capitalization

  • Domestic Investors Drive N126 Billion Gain in Nigerian Stock Market

    Domestic Investors Drive N126 Billion Gain in Nigerian Stock Market

    In an update published by Daily Post, the Nigerian Exchange (NGX) continued its positive run on Tuesday as investors saw their wealth grow by N126 billion. The market capitalization rose to N106.088 trillion, driven by strong buying interest in medium and large-cap stocks. The All-Share Index (ASI) advanced by 0.12 percent, reflecting a sustained optimism among domestic institutional investors and retail traders alike.

    The rally was spearheaded by gains in the real estate and financial services sectors, with firms like Union Homes and Access Corporation recording significant trading volumes. Despite a slight decline in overall trading volume compared to previous sessions, the transaction value remained high, suggesting that high-value trades are dominating the market floor.

    Leadership noted that the market performance was “largely driven by renewed buying interest in the banking sector,” specifically naming GTCO and Access Bank as key drivers. The Nation further validated the trend, reporting that “the Nigerian stock market has remained resilient despite global economic shifts,” attributing the growth to local pension fund activity.

    Echotitbits take: The dominance of domestic investors is a double-edged sword; it provides stability against global shocks but may limit the market’s total growth potential. Watch for any moves by the NGX to attract more foreign portfolio investors later in the year.

    Source: The Nation – https://thenationonlineng.net/stock-markets-capitalisation-rises-to-n127tr/ January 28, 2026

    Photo Credit: The Nation

  • NGX Market Cap Nears ₦100 Trillion Milestone Amid Investor Optimism

    NGX Market Cap Nears ₦100 Trillion Milestone Amid Investor Optimism

    In a report by BusinessDay, the Nigerian Exchange (NGX) All-Share Index was said to be nearing 160,000 points, with market capitalization approaching the ₦100 trillion threshold. President Bola Tinubu reportedly welcomed the milestone and urged greater local investment.

    The rally has been linked to strong banking, industrial, and oil and gas performances, with investors using equities as a hedge amid inflation. Analysts also cited improved FX stability as a factor supporting sentiment and potential foreign inflows.

    Officials believe deeper markets could help the private sector raise long-term capital for infrastructure, though some observers warn market gains need to align with real-sector productivity to be sustainable.

    The Nation and Tribune Online also reported on rising activity, including increased retail participation through mobile trading apps.

    Echotitbits take: ₦100 trillion is a major psychological level. If sustained, it could accelerate IPO plans and broaden capital formation—provided earnings and governance keep pace.

    Source: NgxGroup – https://ngxgroup.com/ngx-market-cap-tops-%E2%82%A6100trn-on-strong-early-year-buying/ 2026-01-09

    Photo Credit: NGX Group

  • Nigerian Capital Market Hits Historic ₦100 Trillion Milestone

    Nigerian Capital Market Hits Historic ₦100 Trillion Milestone

    Figures cited by Vanguard show that the Nigerian Exchange Limited (NGX) has crossed the ₦100 trillion market capitalization threshold for the first time in history. This unprecedented surge occurred during the opening sessions of the first week of 2026, driven by aggressive buying interest in blue-chip stocks. Analysts attribute this ‘January effect’ to renewed investor confidence in the federal government’s long-term economic stability measures.

    The rally reflects a significant shift in market sentiment as both domestic and institutional investors pivot toward high-yielding equity assets. Experts noted that the milestone is not merely a symbolic victory but a reflection of the deepening of the Nigerian financial sector, which has seen increased participation from local pension fund administrators and retail investors seeking a hedge against previous inflationary pressures.

    The development was also highlighted by The Nation and BusinessDay. The Nation reported that the ‘stock market capitalization hits ₦101 trillion,’ marking a rapid climb in valuation. Similarly, BusinessDay observed that ‘Nigeria crosses ₦100trn market cap on January effect,’ noting that the surge positions the NGX as a dominant force in sub-Saharan African capital markets.

    Echotitbits take: Hitting the ₦100 trillion mark is a psychological breakthrough for the Nigerian economy. It suggests that despite the hardships of 2025, the private sector is betting on a 2026 recovery. However, the concentration of wealth in a few blue-chip stocks means the government must work harder to ensure this liquidity trickles down to small and medium enterprises (SMEs).
    Guardian – https://guardian.ng/news/apc-draws-battle-line-with-wike-over-rivers-political-control/ January 6 2026

    Photo Credit: Guardian