Nigeria’s equities market staged a strong recovery on Tuesday, with investors recording a gain of N3.3 trillion after a previous session loss.
Trading data from the Nigerian Exchange Limited showed a sharp rise in key performance indicators, driven by renewed buying interest in major stocks.
The benchmark All-Share Index climbed to 228,740.19 points from 223,602.29, while market capitalisation surged to N147.2 trillion, up from N143.9 trillion recorded a day earlier.
The rally was largely supported by price increases in stocks such as FTN Cocoa, Industrial and Medical Gases, and Lafarge Africa Plc, all of which recorded gains of 10 per cent.
Market sentiment closed in positive territory, with 39 stocks advancing, 37 declining, and 72 remaining unchanged across 72,886 deals.
A total of 907.9 million shares valued at N68.2 billion were traded during the session, reflecting heightened activity on the trading floor.
On the losers’ chart, United Bank for Africa led the decline with a 10 per cent drop in share price, followed by Trans-Nationwide Express and Jaiz Bank.
In terms of volume, Access Holdings Plc dominated trading with 219 million shares exchanged in 4,493 deals. Fidelity Bank and Wema Bank also recorded significant activity.
On the value chart, Nestlé Nigeria Plc topped the list with trades worth N15.2 billion, followed by Aradel Holdings and Access Holdings.
The rebound signals renewed investor confidence in the market, even as broader economic conditions remain uncertain.