Nigerian stock market surpasses 200,000 points as all-share index gains 3,067.6 points

The Nigerian Exchange (NGX) recorded a historic milestone on Monday, 16 March 2026, as the All-Share Index (ASI) surged 3,067.6 points to close at 201,474.9, breaking the 200,000-point threshold for the first time.

The jump represents a 1.55 percent increase from the 198,407.3 points recorded at the start of the week, with BUA Cement Plc emerging as the top gainer, driving much of the market’s momentum.

Trading activity also picked up significantly, with total volume rising to 948.1 million shares, compared to 590.8 million shares in the previous session, reflecting stronger investor participation and renewed confidence in equities.

Equity market capitalization reached N129.3 trillion, up from N126.3 trillion in the prior session, representing a N3 trillion increase and signaling robust market growth.

Financial analysts say the market’s breakout above 200,000 points reflects positive investor sentiment, driven by strong corporate earnings, strategic stock movements, and increased liquidity in the equities market.

READ ALSO: Nigerian stocks gain N233bn as renewed buying lifts market capitalisation

“Crossing the 200,000-point mark is a major psychological milestone for the Nigerian stock market. It reflects both renewed investor confidence and growing participation in key blue-chip stocks such as BUA Cement,” said Chukwuemeka Okoye, a market strategist.

Experts note that the surge is also influenced by broader macroeconomic factors, including stabilizing inflation trends, improved foreign exchange liquidity, and optimistic corporate performance projections.

“Market capitalization expanding by N3 trillion in a single trading day demonstrates strong investor appetite for equities. This could attract more foreign portfolio investment if the trend sustains,” added Aisha Bello.

Market watchers caution, however, that sustaining these levels will require consistent corporate performance, policy stability, and a favorable macroeconomic environment.

As investors continue to monitor earnings reports and macroeconomic indicators, analysts predict that the Nigerian stock market could experience further upward momentum in the coming weeks if current trends persist.