The Lagos Stock Exchange posted a record performance on Thursday February 19, with its flagship index, the NGX All-Share Index (ASI), which exceeded for the first time the 193,000 point threshold. At the end, the clue NGX-ASI stood at 193,073.50 points, up 1.39%, confirming a upward momentum of unprecedented magnitude.

While some profit-taking has been observed, the The overall trend remains decidedly positive. Analysts see more a structural change as a speculative rush, especially since the market is preparing to host several major IPOs during the year.

Total market capitalization jumped to 123,934 billion naira, driven by a massive inflow of liquidity. This dynamic is in particular linked to the decision of the National Pensions Commission (PenCom) to raise the equity investment ceilings for funds of pension, thus strengthening the depth and attractiveness of the Nigerian market.