The Nigerian Exchange Limited experienced a surge in market performance as buying interest in stocks like Dangote Cement, Aradel, and Nigerian Breweries contributed to a notable increase in both the All-Share Index and market capitalisation. On Monday, the All-Share Index rose by 1.29 percent to reach 173,946.22, resulting in a market capitalisation of N111.66 trillion. This bullish trend indicates a positive sentiment among investors, with a total of 59 stocks gaining in value while only 26 experienced losses.

Among the notable gainers, Dangote Cement saw an increase of 8.81 percent, while Aradel rose by 2.78 percent. Other strong performers included Nigerian Breweries and International Breweries, which recorded gains of 2.66 percent and 2.00 percent, respectively. However, despite the positive sentiment reflected by the number of gainers, trading activities faced some moderation with a significant drop in both total volume and value traded, which fell by 18.72 percent and 35.21 percent, respectively.

The market's extension of bullish behavior showcases a changing landscape for investors in Nigeria, where optimism appears to be prevalent. While stocks like CAP, MAYBAKER, and DAARCOMM led the gainers' list with a maximum rise of 10 percent, others like EUNISELL and Tripple Gee suffered significant losses. Overall, the current market dynamics suggest a mix of cautious optimism amidst fluctuating trading volumes and values.