The Nigerian Exchange (NGX) has made a remarkable recovery, clawing back a staggering N378 billion in market value following recent losses. This rebound was largely driven by a 10% surge in shares of Berger Paints, which boosted the overall market capitalization to approximately N71.9 trillion. The recovery signals renewed investor confidence despite lingering uncertainties following the recent Eid-el-Kabir holiday period, which had caused subdued trading activity.

On the trading day marking this recovery, about 646 million shares were exchanged across nearly 24,000 deals, with a total turnover of ₦18.84 billion. Although trading volumes and turnover were down compared to pre-holiday levels, the increase in deal count reflected a market grappling with volatility and investor hesitancy. The benchmark All-Share Index rose modestly by 204.11 points (0.18%) to close at 114,820.86 points, contributing to a weekly gain of 2.76%, a four-week advance of 5.6%, and a year-to-date increase of 11.56%.

This recovery is part of a broader trend of growth and resilience in the Nigerian capital market. In the first four months of 2025, the NGX recorded a record N2.7 trillion in transactions, a 43.3% increase over the same period in 2024. Notably, foreign portfolio investments surged by over 160%, accounting for more than one-third of total transactions, reflecting growing international interest in Nigeria’s equities market. This influx of foreign capital, alongside robust domestic participation, has been credited for the market’s strong performance amid ongoing economic reforms and corporate earnings resilience.

The NGX also reported a profit of N2.1 billion and revenue of N3.56 billion in the first quarter of 2025, underscoring its financial health and operational growth. Analysts have attributed the market’s positive momentum to factors such as stable monetary policy, improved corporate earnings, and increased investor confidence in Nigeria’s economic prospects.

In summary, the NGX’s recovery of N378 billion in market value highlights the Nigerian stock market’s underlying strength and capacity to rebound from short-term shocks. The surge in key stocks like Berger Paints, combined with record transaction volumes and growing foreign investment, paints a picture of a dynamic and evolving capital market poised for further growth in 2025.