NGX All-Share Index Hits Record High on Blue-Chip Buying
The Nigerian stock market reached a historic milestone with the NGX All-Share Index closing at 171,727.49, up 1,722.13 points (+1.01%) to set a new all-time high. This surge reflects strong investor confidence in blue-chip stocks like Seplat Energy, Zenith Bank, and MTN Nigeria, driven by dividend growth potential and strategic developments including asset acquisitions and new listings. Energy, banking, industrials, telecoms, consumer goods, and agriculture are the key sectors fueling the rally, with market capitalization now at N110.234 trillion.