The Nigerian stock market achieved a historic milestone as the NGX All-Share Index rose past the 201,000-point threshold for the first time. Closing at 201,474.89 points, the index reflected a 1.55% increase from the previous session's 198,407.30 points. This remarkable surge also saw the market capitalization escalate to N129.329 trillion, up from N127.360 trillion, marking a total gain of approximately N1.97 trillion for investors. The unprecedented growth was fueled by robust investor demand and significant gains observed across various key sectors.

Investor optimism continued to drive the market momentum, with a month-to-date return now standing at 4.48% and a year-to-date return climbing to 29.47%. Such figures demonstrate the underlying strength of the equities market in Nigeria, showcasing a positive sentiment among investors. The market witnessed broad participation, as a total of 38 stocks recorded gains against only 30 that faced declines, indicating a healthy appetite for buying across different sectors.

Prominent movers in the market included BUA Cement, which topped the gainers' list with a 10% increase, closing at N297. Meanwhile, Premier Paints followed closely, rising by 9.79%. These developments not only highlight the resilience of the Nigerian stock market but also reflect broader economic trends, as the surge in the All-Share Index could signal confidence in the nation's recovery and growth trajectory post-pandemic.