Nigerian equities extend rebound with N71bn capitalisation gain

Buying interest in blue-chip stocks drove a third consecutive session of gains, adding to the N3.6 trillion recovered earlier in the week.

By Handelsavisen Newsroom · Automated 6 August 2026, 03:06 UTC · 1 min read

The Nigerian equities market extended its recovery on Wednesday, with total market capitalisation rising by N71 billion as investors returned to blue-chip names.

The session marked a continuation of the rebound that began earlier in the week, reversing recent losses and signalling renewed confidence among local and foreign participants.

17 trillion in capitalisation, and a modest rebound the previous day that lifted valuations by N482 billion.

The N71 billion gain follows a strong Tuesday session, where the market added N3.17 trillion in capitalisation, and a modest rebound the previous day that lifted valuations by N482 billion.

Together, these sessions represent a significant reversal of the marginal declines seen in prior weeks, with broad-based buying interest supporting the rally across multiple sectors.

Blue-chip stocks led the charge on Wednesday, attracting fresh inflows that helped sustain the upward momentum.

The sustained buying pressure suggests that the initial recovery was not merely a technical bounce but reflects a shift in sentiment towards risk assets in the region.