Investors on the Nigerian Exchange gained about ₦1.75 trillion on Tuesday as the stock market extended its recovery.

Market capitalisation rose to ₦164.91 trillion, while the All-Share Index advanced by 1.07 per cent to close at 253,990 points.

The rally was driven largely by gains in Dangote Cement and other industrial stocks. Dangote Cement rose by 9.8 per cent, while UPDC Real Estate Investment Trust gained 10 per cent.

However, declining stocks outnumbered advancing shares, indicating that the market gains were concentrated in selected equities.