Yesterday, the equity market continued its positive trend, resulting in a significant increase in investors' net worth by N265 billion due to bargain hunting. This positive performance was primarily driven by investors' interest in purchasing stocks of Tier-one banks.

As a result of this, the market capitalization experienced a rise of N265 billion or 0.62 per cent, closing at N42.694 trillion compared to the previous day's N42.429 trillion. Additionally, the All-Share Index, the benchmark for the market, increased by 0.62 per cent or 482.97 points, closing at 78,020.54, up from the previous session's 77,537.57. The Year-to-Date (YTD) return also rose to 4.34 per cent.

During the trading session, a total of 984.19 million shares valued at N11.16 billion were exchanged in 12,976 deals. Market breadth closed positive, indicating that trade turnover settled higher relative to the previous session.

The improved performance was attributed to investors' increased interest in Tier-one banks, specifically Zenith Bank, Guaranty Trust Holding Company (GTCO), and Dangote Sugar.

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