Investors Gain N3.2trn as Nigerian Stock Market Rebounds

The Nigerian stock market returned to bullish territory on Tuesday, delivering a N3.205 trillion gain for investors following a one-day downturn.

Market capitalisation rose by 2.23 per cent to N147.174 trillion, up from N143.969 trillion recorded in the previous session.

The upward swing was driven largely by strong investor demand for consumer, energy and industrial stocks. Industrial and Medical Gases, FTN Cocoa Processors, WAPCO, Austinlaz, and Presco—alongside 34 other gainers—lifted the market amid renewed investor interest.

The All-Share Index advanced by 4,977.51 points, or 2.23 per cent, to close at 228,579.80, up from 223,602.29. Consequently, the Year-to-Date return rose to 46.89 per cent.

Despite the overall gains, market breadth closed negative, with 42 losers against 39 gainers.

Losers

UBA led the decline, dropping 10 per cent to close at N44.55. Trans-Nationwide Express followed, falling 9.99 per cent to N6.40. National Salt Company shed 9.18 per cent, ending at N187.90 per share, while Jaiz Bank dipped 8.98 per cent to N8.01, and Berger Paints declined 8.66 per cent to settle at N68.

Gainers

WAPCO, Industrial and Medical Gases (IMG), and FTN Cocoa Processors topped the gainers’ chart, each rising by 10 per cent to close at N324.50, N39.60, and N5.50 per share, respectively. Austinlaz gained 9.71 per cent to finish at N3.73, while Presco advanced 9.52 per cent to N2,300 per share.

Market Activity

A total of 907.96 million shares worth N68.23 billion were exchanged across 72,886 transactions—an increase in both volume and value compared to the previous session, despite a decline in the number of deals. Previously, 678.2 million shares valued at N44.14 billion were traded in 82,838 transactions.

Access Corporation led by volume with 219.5 million shares worth N5.78 billion, while Nestlé topped the value chart with transactions totalling N15.27 billion.