The Nigerian Exchange (NGX) recorded a rebound on Tuesday as the All-Share Index gained 1.2%, driven by renewed interest in Tier-1 banking stocks viewed by investors as undervalued after recent capital directives.
Market capitalization reportedly rose by over N150 billion in a single session as institutional investors repositioned ahead of first-quarter dividend expectations.
Analysts say banks remain a local ‘safe haven’ even amid broader headwinds, while modest gains in oil and gas were linked to improving security signals around production assets.
Echotitbits take: This looks like a ‘buy the dip’ setup for investors rotating back into top banks that benefit from high interest rates. Watch dividend announcements and capital-raise timelines closely—those will drive the next leg of sentiment.
Source: The Guardian – https://guardian.ng/business-services/business/investors-gain-n437-5b-as-banking-stocks-fuel-equities-rebound/ 2026-01-27
Photo Credit: The Guardian