The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses recorded in the previous two trading sessions. The recovery reflects renewed investor confidence and increased buying interest in several medium and large-cap stocks.
Data from the Nigerian Exchange Limited showed that the NGX All-Share Index climbed by 1,010.22 points, representing a 0.52 per cent increase to close at 196,908.76 points. Market capitalisation also rose by N649bn to settle at N126.399tn, highlighting the market’s positive turnaround.
The rally was largely driven by gains in key stocks including Transcorp Hotels Plc, BUA Cement Plc, Fidson Healthcare Plc, Chemical and Allied Products Plc, and Guinness Nigeria Plc. Market activity remained mixed, however, with 30 gainers, 30 losers, and 62 stocks closing flat out of the 132 equities traded.
Among the top performers, FTN Cocoa Processors Plc led the gainers with a 10 per cent increase to N6.27 per share. It was followed closely by Fidson Healthcare Plc, which gained 9.97 per cent to close at N105.35, while DEAP Capital Management & Trust Plc rose 9.89 per cent to N7.00. Other notable gainers included Caverton Offshore Support Group Plc and Livestock Feeds Plc, which appreciated by 9.40 per cent and 9.30 per cent respectively.
On the downside, Eterna Plc and Omatek Ventures Plc recorded the steepest losses, both dropping 10 per cent to close at N42.30 and N2.52 per share. Despite the positive market performance, total trading activity weakened as volume traded declined by 25.84 per cent to 549.78 million shares valued at N44.74bn across 55,465 deals. Analysts at Imperial Asset Managers Limited attributed the rebound to renewed investor confidence and selective accumulation of fundamentally strong stocks amid improving macroeconomic indicators and strong corporate earnings for the 2025 financial year.
source: punch