Also, the analysts had anticipated a shift to the stock market as participants in the Treasury bill market had already begun repricing yields downward despite the tight liquidity conditions in the financial system.
The stock market that opened 2025 at N62.763 trillion, gained N4.43 trillion or 7.1 per cent to close on Friday at N67.19 trillion and the growth influenced the market performance in February 2025.
THISDAY gathered that the stock market gained N1.95 trillion in January 2025, while in February 2025, it appreciated by N2.48 trillion to close at N67.193 trillion.
Consequently, the NGX All-Share Index (NGX ASI) advanced by 4.76 per cent or 4,894.99 in its Year-till-Date (YtD) performance to close yesterday at 107,821.39 basis points from 102,926.40 basis points the stock market closed for trading in 2024.
THISDAY from investigation gathered that the Banking sector recapitalisation exercise of the CNN, 2024 corporate earnings among others factors have also lifted investor expectations.
For instance, in the first two months of 2025, the NGX Banking Index led other indices when it gained 7.5 per cent YtD to close yesterday at 1,165.71basis points from 1,084.50 basis points.
On the flipside, the stock market has witnessed caution buying trading by investors, especially in the oil and gas, and insurance sub-sector.