Stock market reverses bearish trend as investors gain N516bn

The Nigerian stock market rebounded on Tuesday, March 31, 2026, rising by 0.40 per cent as investors gained N516 billion, reversing losses recorded in the previous two trading sessions.

Renewed investor interest in stocks such as Multiverse Mining, International Energy Insurance, CHAMS, MTN Nigeria, PZ Cussons, and 15 other gainers drove the market into positive territory.

Market capitalisation increased from N128.693 trillion to N129.209 trillion, reflecting a gain of N516 billion, while the All-Share Index also advanced by 803.35 points, or 0.40 per cent, to close at 201,287.78, up from 200,484.43 recorded in the previous session.

The Year-to-Date (YTD) return climbed to 29.35 per cent, while the market breadth closed negatively with 50 decliners against 20 gainers.

NPF Micro-finance Bank led the losers’ chart by 10 per cent, ending the session at N6.30, Skyway Aviation Handling Company trailed by 9.97 per cent, closing at N143.10, and Zichis Agro Allied Industries shed by 9.96 per cent, finishing at N13.65 per share.

Mutual Benefits Assurance dropped by 9.91 per cent, closing at N4.09, and RT Briscoe fell by 9.90 per cent, settling at N9.65 per share.

FG launches ₦20m national laureate prize to reward top student researchers

Conversely, Multiverse led the gainers’ chart by 9.98 per cent, finishing at N18.35, International Energy Insurance followed by 9.49 per cent, settling at N3.23, while CHAMS gained by 8.40 per cent, ending the session at N4.39 per share.

MTN Nigeria increased by 5.85 per cent, closing at N760, and PZ Cussons added by 4.59 per cent, finishing at N82 per share.

Market activity strengthened during the session, as total traded volume surged by 49.63 per cent to 887.68 million shares, valued at N35.56 billion across 53,436 deals.

Wema Bank led the volume chart with 184.13 million shares, representing 20.74 per cent of total turnover, while MTN Nigeria dominated by value, recording N9.08 billion in trades, accounting for 25.52 per cent of the day’s total value.

The Star