Nigerian Equities Market Gains N3.17tn as ASI Surpasses 250,000 Points
The Nigerian equities market experienced a significant bullish rally on Monday, May 12, 2026, with the All-Share Index (ASI) crossing the historic 250,000-point mark for the first time. The index advanced by 2.33 percent to close at 250,485.54 points, driving the year-to-date return to 60.97 percent. Consequently, the equities market capitalization increased by N3.17 trillion, rising from N157.09 trillion to N160.26 trillion, while total market capitalization reached N215.89 trillion. This surge was fueled by strong investor confidence and sustained buying interest in key sectors, particularly banking and telecommunications, alongside specific stocks like RT Briscoe and FTN Cocoa Processors. Trading activity intensified, with transaction volumes rising by 30.82 percent to 1.51 billion shares and value increasing by 17.23 percent to N70.10 billion. Market breadth improved significantly, with 56 stocks gaining against 21 decliners. Analysts attribute this positive momentum to improving liquidity, stronger domestic participation from both institutional and retail investors, and expectations of robust corporate performance despite mixed sentiments in other asset classes.
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Nigerian Equities Market Gains N3.17tn as ASI Surpasses 250,000 Points
The Nigerian equities market experienced a significant bullish rally on Monday, May 12, 2026, with the All-Share Index (ASI) crossing the historic 250,000-point mark for the first time. The index advanced by 2.33 percent to close at 250,485.54 points, driving the year-to-date return to 60.97 percent. Consequently, the equities market capitalization increased by N3.17 trillion, rising from N157.09 trillion to N160.26 trillion, while total market capitalization reached N215.89 trillion. This surge was fueled by strong investor confidence and sustained buying interest in key sectors, particularly banking and telecommunications, alongside specific stocks like RT Briscoe and FTN Cocoa Processors. Trading activity intensified, with transaction volumes rising by 30.82 percent to 1.51 billion shares and value increasing by 17.23 percent to N70.10 billion. Market breadth improved significantly, with 56 stocks gaining against 21 decliners. Analysts attribute this positive momentum to improving liquidity, stronger domestic participation from both institutional and retail investors, and expectations of robust corporate performance despite mixed sentiments in other asset classes.
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