The Nigerian stock market rebounded on Thursday with investors recording a significant gain of ₦377 billion, following a strong performance in medium and large-cap stocks.
At the close of trading on the Nigerian Exchange Ltd. (NGX), the market capitalisation rose by 0.58% to ₦65.847 trillion, up from ₦65.470 trillion recorded on Wednesday.
Similarly, the All-Share Index (ASI) climbed by 601.25 points, settling at 104,788.25, compared to the previous day’s 104,187.00.
The positive performance was fueled by renewed investor interest in key equities including Caverton Offshore Support Group, VFD Group, and Neimeth International Pharmaceuticals.
Market Highlights
- Market Breadth: The session ended with a bullish breadth, as 47 stocks gained while only 11 declined.
- Top Gainers:
- FG152028S1 surged by 100% to close at ₦100.00.
- Caverton Offshore rose by 10% to ₦2.31.
- VFD Group appreciated by 9.92% to ₦79.80.
- Neimeth Pharmaceuticals advanced 9.92% to ₦2.88.
- Veritas Kapital Assurance added 9.57%, closing at ₦1.03.
- Top Losers:
- ABC Transport fell by 10% to ₦1.26.
- Eterna Plc declined 9.90% to ₦32.30.
- CAP Plc shed 7.45% to ₦43.50.
- Regency Alliance (Regalins) dipped 3.64% to 53 kobo.
- Nigerian Exchange Group lost 3.23% to ₦34.50.
Trading Volume and Value
Investors exchanged a total of 432.56 million shares valued at ₦9.719 billion in 12,027 deals, marking an increase in volume but a dip in value compared to the 376.61 million shares worth ₦11.89 billion recorded in 11,576 trades the previous day.
Most Active Stocks
- Access Corporation led the activity chart with 77.86 million shares valued at ₦1.62 billion.
- Ellah Lakes followed, trading 44.24 million shares worth ₦132.76 million.
- Fidelity Bank exchanged 32.46 million shares at a value of ₦614.78 million.
- Zenith Bank recorded 30.20 million shares worth ₦1.47 billion.
- UBA transacted 20.45 million shares valued at ₦718 million.
