The Nigerian stock market maintained its positive momentum on Tuesday, rewarding investors with a collective gain of ₦254 billion.
At the close of trading, the market capitalisation rose to ₦88.45 trillion, reflecting renewed investor confidence and sustained buying interest across key sectors. The year-to-date return of the market also advanced to 35.82%, underscoring the strength of the ongoing bullish run.
Analysts attribute the rally to improved corporate earnings, bargain hunting in fundamentally strong stocks, and continued investor optimism in the domestic economy. The gains were broad-based, with several blue-chip companies posting significant advances that lifted overall market sentiment.
Market watchers note that if the momentum is sustained, the Nigerian Exchange could close the week on an even stronger note, further boosting portfolio values for investors.