Nigerian equities edged higher on Tuesday, with the NGX All Share Index climbing 0.48% to close at 104,744 points, buoyed by sector-specific gains amid cautious optimism. Commercial Services surged 5.49% to lead the advance, followed by Consumer Non-Durables (+4.73%) and Transportation (+1.62%).
Banking stocks also shone, with Guaranty Trust Holdings (+1.69%), Zenith Bank (+2.27%), and Access Holdings (+2.49%) driving momentum.
However, Electronic Technology (-2.30%), Health Technology (-0.52%), and Energy Minerals (-0.15%) lagged, while heavyweight stocks like Dangote Cement and BUA Foods traded flat.
Despite lingering concerns over US tariff risks, Nigeria’s strengthened bilateral ties with China offered a counterbalance, easing near-term trade pressures. Analysts noted selective investor focus on high-growth sectors as markets tread cautiously.