The Nigerian stock market staged a rebound on Thursday, reversing four straight sessions of decline with a 0.31 per cent rise and ₦279 billion in fresh gains for investors. The market capitalisation closed at ₦89.3 trillion, while the All-Share Index settled at just over 141,000 points.
The recovery was driven by bargain hunting and renewed investor interest in key stocks, including MeCure Industries, Oando, McNicholas, CHAMS, and Legend Internet. Market breadth was positive, with 34 gainers against 22 losers. MeCure led the advancers, climbing nearly 10 percent, while Eterna topped the decliners with a 10 percent fall.
Also Read: Stock Market Closes Positive As Banking Stocks See Renewed Interest
Trading activity also surged, with 5.5 billion shares worth ₦419.7 billion exchanged across 20,399 deals. Aradel Holdings dominated in both volume and value, while Consolidated Hallmark, Sterling Nigeria, Zenith Bank, and Unity Bank also recorded strong activity.
Leave feedback about this
You must be logged in to post a comment.