Bulls Run Persists on NGX as Composite Index Extends Rally Ahead of CBN Policy Meeting

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LagosPolice

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Oct 14, 2020
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Nigeria’s equities market continued its bullish streak as the NGX Composite Index climbed above psychological resistance levels, supported by broad market optimism ahead of the CBN’s MPC policy meeting.

Investors remain encouraged by:
• Strong liquidity in blue-chip counters
• Increased institutional interest
• Positive macroeconomic sentiment from inflation decline and FX stability

Market breadth remained positive, with advancing stocks outnumbering decliners, signaling confidence across sectors.

This extended rally positions the Nigerian Exchange (NGX) as a leading frontier market for investor attention in early 2026.