The Nigerian Exchange Limited (NGX) on Wednesday staged an impressive comeback, recording a massive N2.59 trillion single-day gain.

The uptrend is the first major rebound since U.S. President Donald Trump’s military threat triggered a wave of panic selling in the Nigerian stock market.

Market capitalisation surged by 2.88 per cent, rising from N89.88 trillion to N92.48 trillion, while the All-Share Index advanced by the same margin to close at 145,403.83 points, compared to 141,327.30 on Tuesday.

The rebound was fueled by strong performances from blue-chip stocks, including Guaranty Trust Holding Company (GTCO), Nigerian Breweries, Ecobank Transnational, Access Corporation, and AXA Mansard, all of which appreciated by 10 per cent each. They closed at N85.80, N66, N34.65, N22, and N13.31 per share, respectively.

The upbeat sentiment pushed the Year-To-Date (YTD) return to 41.27 per cent, with 65 gainers dominating 11 losers, reflecting renewed investor confidence after a week of steep losses.

On the downside, Transpower, Vitafoam, and Austinlaz led the laggards’ chart, each dropping 10 per cent to close at N307.80, N84.60, and N2.61 per share. Red Star Express and Abbey Mortgage Bank also fell by 9.80 per cent and 9.72 per cent, respectively.

Trading activity surged, with 806.4 million shares worth N50.78 billion exchanged in 24,509 deals, marking a 73 percent jump in turnover and a 23 percent rise in volume, despite a slight drop in the number of deals.

GTCO topped the activity chart with 105 million shares traded, while Aradel Holdings recorded the highest transaction value of N12.91 billion.

DAILY POST reports that the rebound comes after a turbulent week in which Nigerian equities shed over N2.8 trillion following Trump’s designation of Nigeria as a “Country of Particular Concern”, sparking widespread sell-offs and market anxiety.