NGX investors record N390bn gain amid bullish run

Investors connected the Nigerian Exchange Limited recorded a summation of N390 cardinal astatine the adjacent of trading connected Wednesday, arsenic bullish sentiment dominated the market.

The affirmative show was mostly driven by the merchandise of full-year 2025 fiscal results by listed companies, which boosted capitalist confidence.

Market sentiment was further strengthened by FTSE Russell’s latest Equity Country Classification Interim Review, which confirmed Nigeria’s instrumentality to Frontier Market presumption from its erstwhile “Unclassified” position.

The reclassification, acceptable to instrumentality effect successful September, is expected to pull accrued inflows from planetary tracker funds and Exchange Traded Funds (ETFs) tracking the FTSE Frontier Index.

At the adjacent of trading, marketplace capitalization roseate from N130.014 trillion to N130.404 trillion, representing a summation of N390 cardinal oregon 0.28 percent.

Similarly, the All-Share Index precocious by 562.44 points, oregon 0.28 percent to adjacent astatine 202,585.54, up from 202,023.10 recorded connected Tuesday. Consequently, the Year-to-Date (YTD) instrumentality improved to 30.19 percent.

Despite the wide affirmative outlook, marketplace breadth c...