The Nigerian stock market rebounded on Tuesday, with investors gaining N720 billion as renewed buying interest lifted key performance indicators.
Specifically, the market capitalisation rose by 0.46 per cent to N155.849 trillion, from N155.129 trillion recorded in the previous trading session, representing a gain of N720 billion.
Similarly, the All-Share Index (ASI) advanced by 1,121.33 points, or 0.46 per cent, to close at 242,870.44, compared with 241,749.11 posted on Monday.
The positive performance was driven by gains in medium and large-cap stocks across key sectors, particularly banking, insurance, consumer goods and real estate.
Financial stocks dominated the gainers’ chart, particularly banks and insurers, suggesting investors maintained confidence in the financial services sector.
