Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying Interest

The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance upward, adding a total of N629 billion in value. The rebound reflects growing investor confidence after recent fluctuations in trading activity.

The All Share Index (ASI) rose by 979.36 points, representing a 0.41 per cent increase, to settle at 242,729.51 points. As a result, market capitalisation climbed to N155.781 trillion, marking a strong recovery driven by demand for medium and large-cap stocks.

Key players behind the rally included Airtel Africa, Chemical and Allied Products (CAP), Vitaform Nigeria, Berger Paints, and Dangote Sugar Refinery, all of which recorded notable gains. Market breadth also remained positive, with 47 gainers outperforming 23 losers, signaling broad-based investor participation.

Among the top gainers, Airtel Africa led with a 10 per cent increase, followed closely by CAP with 9.99 per cent. Other strong performers included Zichis Agro Allied Industries, RT Briscoe, FTN Cocoa Processors, and DEAP Capital Management & Trust, each posting impressive price appreciation.

On the losing side, SUNU Assurance topped the decliners’ list with a 10 per cent drop, followed by Guinness Nigeria and Caverton Offshore Support Group. Despite this, trading activity remained strong, with total volume rising 11.59 per cent to 1.415 billion units valued at N59.426 billion, led by heavy transactions in CWG, Access Holdings, and Zenith Bank.

source: Leadership