The Nigerian equities market posted a modest rebound on Tuesday, lifting total market capitalization by N482 billion.
Renewed buying interest across sectors reversed the marginal decline seen in the previous session, marking a continuation of the recovery that began earlier in the week.
52 trillion in value as investors returned to the market after several consecutive sessions of declines.
This session’s gain follows a sharp recovery at the start of the week, which added N1.52 trillion in value as investors returned to the market after several consecutive sessions of declines.
The subsequent trading day saw an even broader rally, with market capitalization surging by N3.17 trillion.
The current N482 billion increase, while smaller in magnitude, indicates that the initial panic selling has subsided and that institutional and retail participants are gradually re-engaging with local assets.
The sustained rebound suggests a shift in market sentiment, moving from defensive positioning to cautious accumulation.