Nigerian stock market rebounds as investors gain N73bn

The Nigerian stock market returned to positive territory on Thursday as renewed investor interest in selected large- and mid-cap stocks pushed equities higher, adding N73 billion to market capitalisation.

Data from the Nigerian Exchange showed that market capitalisation rose from N159.660 trillion to N159.733 trillion, representing a 0.05 per cent increase. The All-Share Index also advanced by 113.02 points to close at 249,175.39, up from 249,062.37 recorded in the previous session.

The rally was driven by renewed buying interest in stocks including International Energy Insurance, ABC Transport, Unilever Nigeria and Academy Press, alongside gains in several other equities.

With the latest performance, the market’s year-to-date return improved to 60.13 per cent, extending the exchange’s strong run in 2026.

Despite the overall gain, market breadth closed negative as 44 stocks recorded losses compared to 19 gainers.

Berger Paints topped the losers’ chart after shedding 10 per cent to close at N147.60 per share. Learn Africa declined by 9.96 per cent to N11.75, while Daar Communications dropped 9.95 per cent to N1.90 per share.

RT Briscoe also fell by 9.93 per cent to N12.79, while May & Baker lost 9.61 per cent to close at N46.55 per share.

On the gainers’ table, International Energy Insurance led with a 10 per cent appreciation to N3.41 per share. ABC Transport gained 9.93 per cent to settle at N9.08, while Unilever Nigeria rose 9.80 per cent to N168 per share.

Academy Press climbed 9.74 per cent to N8.45, while Eunisell Interlinked appreciated by 9.41 per cent to close at N209.95 per share.

UBA launches a U.S. program to help Nigerians abroad invest in healthcare facilities in Nigeria

Trading activity also improved significantly during the session. Total volume traded rose by 76.39 per cent to 1.06 billion shares valued at N30.97 billion across 62,448 deals.

Sterling Nigeria recorded the highest trading volume with 322.68 million shares exchanged, accounting for more than 30 per cent of the day’s total traded volume. Aradel led the value chart with transactions worth N5.06 billion, representing 16.35 per cent of total market turnover.

Please follow and like us:

100k