Nigerian equities ended Wednesday on a bullish note, lifting investor wealth by N390 billion as positive sentiment swept the market. The rally followed the release of full-year 2025 financial results from several listed companies and was further buoyed by FTSE Russell’s official reclassification of Nigeria from “Unclassified” to Frontier Market status in its latest Equity Country Classification Interim Review.
The upgrade, effective from September, will require global tracker funds and Exchange Traded Funds (ETFs) benchmarked to the FTSE Frontier Index to reallocate capital into Nigerian equities, potentially increasing foreign inflows.
Market capitalisation rose to N130.404 trillion from an opening of N130.014 trillion, a gain of 0.28 per cent. The All-Share Index advanced 562.44 points to settle at 202,585.54, up from 202,023.10 the previous day. Year-to-date returns now stand at 30.19 per cent.
Despite the overall positive momentum, market breadth closed negative, with 32 decliners outweighing 22 advancers.
Leading the losers’ chart, UPDCredit fell 10 per cent to N6.75, Fortis Global Insurance dropped 9.92 per cent to N1.
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