Nigeria’s equities market recorded modest gains on Tuesday, March 3, 2026, as investor confidence pushed market capitalisation to ₦126.19 trillion, representing a 0.57 percent increase for the day.
Data from the Nigerian Exchange’s Daily Market Snapshot showed that the All Share Index (ASI) rose by 0.57 percent to close at 196,621.96 points, reflecting sustained buying interest across key sectors of the market.
While the equities segment recorded gains, the fixed income market declined during the trading session. The Fixed Income Market Capitalisation fell by 1.90 percent to ₦48.28 trillion, indicating reduced activity or valuation adjustments in the bond market.
Meanwhile, the market for Exchange Traded Products (ETPs) showed positive movement, rising 0.90 percent to close at ₦82.26 billion, suggesting growing investor interest in diversified investment instruments.
Market activity was driven by strong performances among several listed companies. Leading the gainers’ chart were SUNU Assurance and UAC Nigeria, both posting 10 percent gains to close at ₦4.84 and ₦106.70 respectively. Oando followed closely with a 9.96 percent increase to ₦50.25, while Japaul Gold rose 9.98 percent to ₦2.67. FGI also posted a strong performance, gaining 9.71 percent to close at ₦1.13.
Analysts say the upward movement in the equities market reflects sustained investor optimism despite global economic uncertainties. However, the decline in fixed income capitalisation suggests investors may be rotating funds into equities in search of higher returns.
Overall, the market closed on a positive note, with equities maintaining steady growth momentum as investors continue to position ahead of key economic developments.
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