NSE market capitalisation hits N16.080trn all-time high


The price rally on the Nigerian Stock Exchange (NSE) continued on Wednesday with the market capitalisation hitting all-time of N16.080 trillion.

Nigerian Stock Exchange

The market capitalisation, which opened at N15.782 trillion inched N298 billion or 1.89 per cent to close at N16.080 trillion.

Also, the All-Share Index rose by 830.52 points or 1.89 per cent to close at 44,885.24 compared with 44,054.72 achieved on Tuesday.

Mr Oscar Onyema, the NSE Chief Executive Officer, attributed the market growth to outstanding performance of 2017 which boosted investors’ confidence.

Onyema said that the foreign exchange exporter window introduced by the Central Bank of Nigeria (CBN) in 2017 contributed to the market growth.

He said that the window had boosted the confidence of foreign investors, after months of testing with many of them now comfortable to bring in bigger funds.


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