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Market capitalisation rose by N411 billion to N159.667 trillion.
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The All-Share Index gained 632.79 points to close at 245,911.13.
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Market breadth improved, with 28 gainers against 21 decliners, as Austin Laz led the gainers with a 9.97 percent increase.
October 20, (THEWILL) – The Nigerian equities market rebounded on Tuesday, as market capitalisation increased by N411 billion to close at N159.667 trillion from an opening value of N159.256 trillion.
Similarly, the All-Share Index (ASI) advanced by 632.79 points, rising from 245,278.34 at the opening to 245,911.13 at the close, reflecting a 0.26 percent increase.
Market breadth was positive, with 28 gainers against 21 decliners, indicating stronger buying interest across the market.
Top Gainers
- Austin Laz led the gainers’ chart, appreciating by 9.97 percent (N3.21 to N3.53)
- ABC Transport followed, gaining 9.92 percent (N6.05 to N6.65).
- Cutix rose by 9.90 percent (N2.12 to N2.33).
- Thomas Wyatt advanced by 9.77 percent (N2.66 to N2.92).
- Caverton Offshore Support Group gained 9.76 percent (N4.10 to N4.50).
Top Decliners
- Livestock Feeds led the decliners, shedding 9.76 percent (N18.95 to N17.10).
- Guinea Insurance followed, falling 7.78 percent (N0.90 to N0.83).
- NPF Microfinance Bank declined by 5.75 percent (N4.35 to N4.10).
- Mutual Benefits Assurance lost 4.69 percent (N3.20 to N3.05).
- AIICO Insurance shed 3.06 percent (N3.92 to N3.80).
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Meanwhile, Presco, Dangote Cement, John Holt, Julius Berger, Champion Breweries and BUA Foods, among others, closed flat.
The market’s recovery follows Monday’s decline, with gains in market capitalisation and the benchmark index indicating a modest improvement in investor sentiment.
The higher number of advancing stocks also suggests that buying interest extended beyond a few individual equities.
Investors will likely monitor whether the positive momentum can be sustained in the next session, particularly through continued gains in major stocks and broader participation across the market.
However, persistent declines in selected equities could limit further advances.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
