The Nigerian Exchange Limited (NGX) All-Share Index (ASI) is on the brink of crossing the 160,000-point threshold, a level the market has never attained before.
On Tuesday, the benchmark index advanced by 0.46 percent, extending its bullish run and brushing aside earlier concerns over the implementation of new tax laws that came into force on January 1, 2026. The rally lifted the ASI to 159,951.08 points, while total market capitalisation climbed further to N102.275 trillion.
Market analysts remain optimistic about the outlook for equities. In its 2026 market outlook, Meristem Research said it expects the NGX-ASI to record additional gains in the year ahead, supported by key factors likely to influence investor sentiment positively.