The Nigerian Stock Exchange rebounded on Tuesday, adding N3.205 trillion to market value after a one‑day dip. Total market capitalization rose to N147.174 trillion, up 2.23 percent from N143.969 trillion the previous session. The All‑Share Index mirrored the gain, climbing 4,977.51 points – a 2.23 percent increase – to close at 228,579.80, pushing year‑to‑date returns to 46.89 percent.
Market breadth remained modestly negative, with 42 decliners versus 39 advancers. Among the top performers, WAPCO, Industrial and Medical Gases (IMG) and FTN Cocoa Processors each recorded gains exceeding 10 percent, ending at N324.50, N39.60 and N5.50 per share respectively. Austinlaz and Presco also posted strong moves, rising 9.71 percent to N3.73 and 9.52 percent to N2,300 per share.
The losers’ list was led by United Bank for Africa (UBA), which fell 10 percent to N44.55. Trans‑Nationwide Express dropped 9.99 percent to N6.40, while National Salt Company, Jaiz Bank and Berger Paints declined 9.18 percent, 8.98 percent and 8.66 percent, finishing at N187.90, N8.01 and N68 per share respectively.
Trading activity showed higher value and volume but fewer transactions. A total of 907.96 million shares worth N68.23 billion changed hands in 72,886 deals, compared with 678.2 million shares valued at N44.14 billion traded in 82,838 deals the day before. Access Corporation led the volume chart, handling 219.5 million shares worth N5.78 billion, while Nestlé topped the value chart with transactions amounting to N15.27 billion.
The rebound follows a period of volatility linked to domestic monetary policy adjustments and global risk sentiment. By regaining momentum, the exchange has reinforced its position as a growing destination for capital in West Africa. Investors will be watching upcoming corporate earnings and monetary policy updates for cues on whether the bullish trend can be sustained.
