The Nigerian equity market rebounded on Tuesday, with the All Share Index (ASI) rising by 0.40% to 201,287.78 points, recovering from two consecutive session losses. This surge added approximately N516 billion to investors’ wealth, pushing the market capitalization to N129.210 trillion, a 0.40% increase from the previous close of N128.694 trillion.¹
A total of 888 million shares were traded in 53,436 deals, valued at N35.6 billion. However, the market breadth closed negative, with 20 equities appreciating and 50 declining in share prices.
Top Gainers:
- Multiverse Mining & Exploration: 9.88% growth to N18.35
- International Energy Insurance: 9.49% growth
- PZ: 4.59% growth
- Cadbury Nigeria: 4.02% growth
The market’s positive performance is attributed to renewed buying interest and optimism, driven by ongoing economic reforms and improved investor confidence. The NGX has been on an upward trend, with the ASI gaining 29.4% in the first quarter of 2026.²
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