💹 Nigerian Stock Market Gains N1.7 Trillion in a Single Day

💹 Nigerian Stock Market Gains N1.7 Trillion in a Single Day — Here’s Why It Matters

The Nigerian stock market is on fire this week, recording a massive gain of ₦1.776 trillion in a single day of trading on Monday, August 4, 2025. This surge came as investors flocked back into equities amid renewed optimism in the local economy, pushing the All-Share Index (ASI) up by 1.99%, closing at 144,072.21 points, up from 141,263.31 the previous session.

💰 What’s Fueling the Boom?

Market analysts say the rally is largely driven by:

Strong earnings reports from top companies,

Naira’s stabilization encouraging foreign portfolio inflows,

Shifting investment interest away from fixed income into equities.

Companies like UACN, Lasaco Assurance, Royal Exchange, and UPDC led the charge with impressive price gains, helping to lift overall market sentiment.

The market capitalization, which is the total value of listed equities, also soared to ₦91.15 trillion, up from ₦89.37 trillion.

> 🗞️ Source: Legit.ng Business – “Nigerian Stock Market Rises by N1.7 Trillion in a Day”

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