Nigerian stocks bounce back with N917bn gain as YtD return hits 61.71%

Nigerian stock market rebounded strongly Tuesday with investors recording N917 billion in gains. Market capitalization rose 0.57% from N160.362 trillion to N161.279 trillion, while the All-Share Index gained 1,430.59 points to close at 251,635.42. This recovery boosted the Year-to-Date return to 61.71%, though market breadth remained negative with 33 losers versus 27 gainers.

Notable performers included FTN Cocoa Processors Plc, which led gainers with a 10% increase to N9.79 per share. On the downside, Unilever Nigeria Plc declined by 10% to close at N153. Trading activity cooled with 703.95 million shares worth N32.15 billion changing hands in 64,539 deals, down from the previous day's higher volume.

Access Holdings recorded the highest trading volume at 88.41 million shares, while Zenith Bank led in value with N3.99 billion in trades. Despite today's recovery, market indicators suggest cautious sentiment as trading volumes remain below previous session levels.

This market recovery comes after previous losses, offering investors a reprieve. With YtD returns now at 61.71%, should investors continue holding positions or consider taking profits given the current mixed market signals?

SOURCE: https://dailypost.ng/2026/05/20/nigerian-stock-market-bounces-back-as-investors-record-n917bn-gain/