The Nigerian stock market rebounded on Thursday, reversing the negative trend recorded in the previous two trading sessions as investors gained N649bn.
At the close of trading, the All-Share Index rose by 1,010.22 points, representing an increase of 0.52 per cent to settle at 196,908.76 points. Market capitalisation also increased by N649bn, closing at N126.399tn.
The positive performance was driven by gains in medium and large-cap stocks, including Transcorp Hotels, BUA Cement, Fidson Healthcare, CAP, and Guinness Nigeria.
Market activity showed mixed sentiment among investors. Of the 132 stocks traded during the session, 30 recorded gains, 30 declined, while 62 closed unchanged.
FTN Cocoa Processors led the gainers’ chart with a 10 per cent increase to close at N6.27 per share. Fidson Healthcare followed with a gain of 9.97 per cent to close at N105.35 per share.
DEAP Capital Management & Trust advanced by 9.89 per cent to close at N7.00 per share, while Caverton Offshore Support Group rose by 9.40 per cent to settle at N6.40.
Livestock Feeds also recorded strong performance, appreciating by 9.30 per cent to close at N7.05 per share.
On the losers’ chart, Eterna and Omatek Ventures recorded the highest losses, declining by 10 per cent each to close at N42.30 and N2.52 per share respectively.
SCOA Nigeria followed with a loss of 9.94 per cent to close at N22.65 per share. Fortis Global Insurance dropped by 9.24 per cent to close at N1.08, while Sovereign Trust Insurance fell by 9.09 per cent to settle at N2.10 per share.
Meanwhile, the total volume of shares traded declined by 25.84 per cent to 549.781 million units, valued at N44.736bn across 55,465 deals.
Fortis Global Insurance recorded the highest trading volume with 32.182 million shares valued at N34.775m.
Access Holdings followed with 28.124 million shares worth N700.986m, while First Holdco traded 27.722 million shares valued at N1.385bn.
Zenith Bank recorded transactions of 27.483 million shares valued at N2.559bn, while Dangote Cement saw 26.893 million shares traded worth N20.671bn.
Commenting on the market performance, Imperial Asset Managers Limited said the session reflected renewed investor confidence.
“Overall, the session reflects a return of investor confidence, supported by selective accumulation of fundamentally strong stocks amid a positive macroeconomic environment and above-par corporate earnings released so far for the 2025 full-year season,” the firm stated.
