The Nigerian Exchange (NGX) reached an unprecedented peak this past week, with the All-Share Index (ASI) shattering the 228,000-point threshold.
Following a midweek rally led by heavyweights in the industrial and consumer goods sectors, the benchmark index settled at 228,740.19 points, marking a massive 2.30% gain in a single trading session on Tuesday.
This surge pushed the market capitalization to a staggering ₦147.28 trillion, as investors successfully clawed back previous losses from profit-taking activities.
Market momentum was largely driven by aggressive buying interest in Aradel Holdings, BUA Foods, and Dangote Cement. Industrial goods led the sectoral charts with a 4.86% appreciation, closely followed by the Oil & Gas sector at 4.66%.
Despite the overall bullish sentiment, the banking sector experienced a slight dip of 1.38%, led by a 10% decline in UBA’s share price.
Analysts attribute the sustained rally to strong corporate earnings and increased foreign portfolio participation, which has seen Nigerian equities rank among the best-performing globally in 2026.