Nigeria’s Stock Market Emerges as World’s Best Surpassing Argentina

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Following Wednesday’s positive close, Nigeria’s stock market has claimed the title of the world’s best, surpassing Argentina, a country it was trailing just last week.

The Nigerian Exchange Limited (NGX) All Share Index (ASI) experienced a notable rise of 2.38 percent, pushing it above the 90,000 mark, with bulls dominating trade.The market’s impressive performance throughout the year has resulted in a 20.45 percent increase, further bolstered by a week-to-date (WtD) rally of 8.45 percent.

Noteworthy contributors to this ascent include Wema Bank (+10 percent), Honeywell Flourmills (+10 percent), AIICO (+10 percent), Sunu Assurances (+10 percent), and other stocks that recorded remarkable increases.

This achievement highlights the strength of Nigeria’s stock market thereby, attracting projecting itself globally.

Source: Business Day

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