Nigerian Exchange Limited market capitalization reached a record 163.06 trillion naira on Wednesday, up 0.23% from 162.68 trillion naira the previous day.
The benchmark All-Share Index rose to 251,191.02 points, its highest level for the trading week, as trading volume surged 89.91% to 1.59 billion shares.
ETERNA Plc led gainers, rising 10% to close at 38 naira 50 kobo while Caverton Offshore Support Group Plc led decliners, shedding 9.09% to 4 naira.
Market breadth closed firmly positive, with 43 equities advancing against 20 decliners, driven by strong buying interest in financial, insurance and consumer stocks.
The Banking Index advanced to 2 thousand 748.63 points, while the Insurance Index rebounded to 1 thousand 093.23 points, reversing recent losses.
The record comes barely a week after the NGX market cap first crossed 162 trillion naira and about four months after its previous all-time high of 161.8 trillion naira set in May.