On Tuesday, the Nigerian stock market experienced a recovery, as investors saw their holdings increase by N720 billion following a surge in buying activity. The total market capitalisation climbed 0.46 per cent to hit N155.849 trillion, up from N155.129 trillion on Monday. The All-Share Index mirrored this upward trend, rising by 1,121.33 points to finish at 242,870.44.
This growth was largely supported by significant gains among medium and large-cap companies within the banking, insurance, consumer goods, and real estate sectors. Financial institutions were particularly strong, signaling ongoing investor trust in the sector. The market breadth remained favorable, with 26 stocks closing higher against 23 that declined. This movement brought the Year-to-Date return to 56.07 per cent.
Leading the gainers were Learn Africa at 10 per cent, Firstholdco at 9.98 per cent, and Thomas Wyatt Nigeria at 9.80 per cent. Nigeria Real Estate Investment Trust and RT Briscoe also posted notable gains. Conversely, International Energy Insurance topped the decliners, dropping 9.86 per cent, followed by Legend Internet and Fortis Global Insurance.
Trading volume grew by 21.25 per cent to 634.78 million shares, representing a total value of N53.34 billion across 42,494 deals. First HoldCo was the day’s most prominent stock, accounting for over half of the total traded volume and roughly 42 per cent of the total value.
