Renewed buying interest returned the Nigerian Exchange (NGX) to positive territory on Thursday, ending a four-day bearish streak with a 0.31% gain.
The All-Share Index (ASI) rose by 433 points to close at 141,149.04, up from 140,716.10, while market capitalisation appreciated by N280 billion to settle at N89.34 trillion, bringing total investor gains for the session to about N471 billion.
Market activity was strong, with investors trading 5.5 billion shares worth N419.7 billion in 20,399 deals.
The market breadth closed positive, with 34 gainers against 22 losers.
Top Gainers
MECURE led with a 9.89% increase, closing at N26.10 from N23.75.
Other notable advancers included OANDO and MCNICHOLS.
Top Losers
ETERNA Oil shed 10% to close at N27.90 from N31.00.
Sovereign Trust Insurance and The Initiates fell by 4.84% and 3.84% respectively.
Volume Drivers
Consolidated Hallmark Holding dominated trading with 333 million shares worth N1.26bn in 103 deals.
Sterling Bank exchanged 105 million shares valued at N772m across 513 deals.
Zenith Bank traded 46 million shares worth N3bn in 1,094 deals.
Analysts said the rebound reflects renewed investor confidence after consecutive losses, with momentum likely to be shaped by upcoming corporate earnings and macroeconomic data releases.
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