The Nigerian stock market has entered a fresh phase of bullish expansion, as a powerful combination of corporate heavyweights propel the All-Share Index (ASI) to new heights. The ASI on Monday March 2 rose by 1.40 percent while the market capitalisation increased by N1.72 trillion.
Leading the charge is Aradel Holdings, which has solidified its status as a market favourite by breaching the N1,100 per share threshold, and Dangote Cement, whose massive valuation continues to anchor market stability.
Aradel rose from N1,084 to N1,192.30, adding N108.30 or 9.99 percent. Likewise, Dangote Cement increased by N30.9 or 3.97 percent, from N779 to N809.9. NGX Group moved from N124 to N136.40, adding N12.40 or 10 percent.
