NGX Market Nears ₦100 Trillion Milestone as 35 Stocks Ignite Massive Growth

The Nigerian Exchange (NGX) is making headlines as it edges closer to a historic ₦100 trillion market capitalization, thanks to an explosive rally driven by 35 top-performing stocks. This major milestone reflects growing investor confidence in Nigeria’s capital markets amid macroeconomic headwinds.

According to BusinessDay, these 35 stocks have seen extraordinary price growth, delivering returns ranging from 100% to over 500% within the last few months. The market surge has not only lifted the NGX All-Share Index but also significantly increased trading volume and market value.

🌟 Top Performing Stocks Fueling the Rally

Among the standout gainers are:

Beta Glass Plc – with a strong showing in manufacturing

Honeywell Flour Mills – buoyed by improved earnings and demand

Champion Breweries – enjoying renewed investor interest

These companies, along with others in sectors like banking, oil & gas, and FMCG, have contributed significantly to the NGX’s bullish performance.

📈 Why This Matters

The push toward ₦100 trillion in market value is not just symbolic—it signals:

Increased local and foreign investor participation

A possible revival of retail trading confidence

Strengthening macroeconomic sentiment amid policy reforms

Analysts believe that continued reforms in the financial sector, easing inflation, and stable FX policies are contributing to the rally.

🧠 Expert Insight

“Investors are now responding more positively to company fundamentals and policy direction,” said one analyst. “We’re seeing renewed buying interest, particularly in stocks that had been undervalued.”

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🧾 Source:

> BusinessDay NG – “NGX nears N100trn as 35 stocks turbocharge market”

Link: https://businessday.ng/markets/article/ngx-nears-

n100trn-as-35-stocks-turbocharge-market/

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