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In January 2024, Nigerian Exchange Limited (NGX) experienced significant gains, with the All-Shares Index (ASI) surging by 35.3% to reach 101,154.46.
The ASI started the month at 74,773.77, indicating a substantial increase.
The market capitalization of NGX also saw gains, with an additional N14.440 trillion, reaching N55.357 trillion by the end of January.
The market performed well for most of the month, except for declines on January 10th and 30th.
On January 18th, the NGX ranked as the best stock market, surpassing Argentina, with the ASI appreciating by 2.38% to close at 90,063.25 points.
Later on January 24th, the ASI crossed the 100,000 points mark, achieving a historic feat by reaching 101,571.11 points.
