The Nigerian Exchange (NGX) All-Share Index soared to an unprecedented high of 201,474.9 points on March 16, 2026, marking a 1.55% surge that lifted total market capitalization to N129.3 trillion. Spearheading this remarkable rally was BUA Cement, which surged 10% from N270 to N297 per share, topping the gainers’ list and generating an impressive N649 billion in new investor wealth. This stellar performance, complemented by strong gains from Zenith Bank, propelled the market cap by N1.97 trillion in a single day, reaching N129.33 trillion.
BUA Cement’s remarkable ascent was underscored by a hefty trading volume of 948.1 million shares, reflecting robust investor enthusiasm for its growth prospects in 2026. The All-Share Index closed firmly at approximately 201,475 points, while BUA Cement ended the day at N297 per share, with no discrepancies in reported figures. This historic milestone marks the first time the index has crossed the 200,000-point threshold, electrifying the Nigerian equities market and signaling renewed confidence in the face of broader economic challenges.
The spotlight was firmly on BUA Cement, whose exceptional performance played a pivotal role in the record-breaking session. The week also recorded a substantial advance of N923 billion in market capitalization, driven by strong buying interest in the cement sector. The daily gain of N1.97 trillion was largely attributed to the combined momentum of BUA Cement and Zenith Bank, solidifying their leadership roles. BUA Cement alone accounted for a wealth surge of N649 billion, reinforcing its position as the market’s foremost growth driver.
As trading momentum carries into March 17, the NGX’s record high reflects a deepening liquidity pool and strategic rotations in industrial leaders. This bullish wave is reshaping Nigeria’s financial landscape, promising accelerated capital flows and new opportunities for investors.
