The Nigerian Exchange Limited (NGX) stock market appreciated by N2.3 trillion this week, driven by investor excitement over Dangote Refinery's N2.15 trillion Initial Public Offer (IPO). The market capitalisation rose from N157.587 trillion to N159.692 trillion, a 1.46% increase, while the All-Share Index moved from 243,052.74 to 246,315.38 basis points, up 1.34%. This marks the fourth consecutive positive trading session since the IPO commenced. The NGX ASI's Month-to-Date and Year-to-Date returns edged higher to +0.9% and +58.3%, respectively.
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