The Nigerian equities market bounced back strongly on Wednesday, November 12, 2025, recovering N2.6 trillion in market capitalization just a day after suffering a record N4.6 trillion loss.
The sharp rebound followed assurances from the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who clarified that the Federal Government would take a cautious and consultative approach to implementing the recently enacted tax reform laws — particularly the controversial Capital Gains Tax (CGT) on securities transactions.
His statement appeared to calm investor fears and restore confidence in the market, which had been rattled by uncertainty surrounding the new tax measures.
By the end of trading on Wednesday, market capitalization surged by 2.9% to close at N93.5 trillion, compared to N90.833 trillion recorded on Tuesday. Similarly, the benchmark All-Share Index (ASI) rose by the same margin, closing at 145,405.39 points, up from 141,327.30 points the previous day.
Market analysts attributed the rebound to renewed investor sentiment following the government’s clarification, noting that the remarks signaled a willingness to engage with stakeholders before enforcing the tax reforms.
The positive momentum also reflects a broader recovery trend in key blue-chip stocks, particularly in the banking and telecommunications sectors, which had borne the brunt of Tuesday’s sell-off.
Trading activity remained robust, with increased volumes across major sectors, suggesting that investors are gradually regaining confidence amid ongoing fiscal policy discussions.
