The Nigerian stock market recorded a strong rebound on Tuesday, March 24, 2026, with investors gaining about N1.1 trillion in market value as bullish sentiment returned.
Data from the Nigerian Exchange showed that the All-Share Index (ASI) rose by 1,691.9 points to close at 200,705.9 points, recovering from the previous session’s dip to 199,014.0 points.
The rally pushed the benchmark index above the key 200,000 psychological level, driven by renewed buying interest across major market sectors. Market capitalisation increased to N128.8 trillion from N127.7 trillion, reflecting stronger investor participation and value appreciation in listed equities.
Trading activity also picked up significantly, with total volume rising to 1.2 billion shares exchanged in 89,949 deals, compared to 848 million shares recorded in the prior session.
Market sentiment improved, lifting the year-to-date return to 28.98 per cent from 27.89 per cent, indicating sustained investor confidence despite recent fluctuations.
Gains were broad-based, with several stocks recording the maximum daily increase of 10 per cent. Decliners were relatively few, suggesting that buying pressure outweighed profit-taking activities.
Market activity remained concentrated in a number of actively traded stocks, which accounted for a large share of total volume. In terms of value, transactions were dominated by banking and telecommunications equities, highlighting their continued attractiveness to both institutional and retail investors.
Performance among large-cap stocks was largely positive, supporting the overall upward trend, although the banking sector showed mixed movements as investors adopted selective positioning strategies.
Analysts say the market’s recovery above the 200,000 mark signals renewed optimism and could indicate further upside if buying momentum is sustained.
The development suggests that the index may test higher resistance levels in the near term, with projections pointing towards the 202,000 mark as investors continue to position for potential gains.
