Nigeria Stock exchange records 35.5% rise in January 2024

 

Nigerian Exchange Limited, NGX, recorded impressive gains in January 2024 as the All-Shares Index surged by 35.3 per cent, reaching 101,154.46 on Wednesday.

 

According to available data, in the month under review, the NGX’s ASI increased to 101,154.46 from 74,773.77, which started on January 2, 2024.

 

Further analysis showed that NGX’s market capitalization gained N14.440 trillion as it closed January at N55.357 trillion from N40.917 trillion with which it started.

 

The market recorded a bullish run in most of January except on the 10th and 30th, when it saw declines.

 

For instance, on January 18, it ranked the best stock market, displacing that of Argentina as NGX’s All-Share Index appreciated by 2.38 per cent to close to reaching a historic 90,063.25 points.