The Nigerian Exchange (NGX) closed positive on Thursday as the All-Share Index (ASI) advanced by 0.31% to 141,157.49 points, while market capitalization settled at ₦89.34 trillion.
The rebound halted three straight sessions of declines, buoyed by strong demand for oil & gas, industrial, and fixed income–linked securities.
Market Snapshot
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ASI: 141,157.49 (+0.31%)
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Deals: 20,399
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Volume: 5.48bn
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Value: ₦419.73bn
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Equity Cap: ₦89.34tn
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Bond Cap: ₦51.14tn
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ETF Cap: ₦29.83bn
Gainers’ Chart
The top performers reflected broad-based bargain hunting:
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FGSUK2027S3 led the chart with a 17.32% jump to ₦88.00, signalling renewed investor interest in sovereign-linked instruments.
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Lotus Halal 15 ETF climbed 9.99% to ₦83.45, while Mecure Industries Plc appreciated 9.89% to ₦26.10.
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Oando Plc rose 9.50% to ₦49.00, benefiting from renewed activity in the oil & gas sector.
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McNichols Plc added 9.31% to ₦3.64, consolidating on prior day momentum.
Losers’ Chart
Despite the rebound, select counters dragged on market breadth:
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Eterna Plc fell 10.00% to ₦27.90, leading decliners.
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Sovereign Insurance Plc (–4.84%), TIP (–3.84%), Caverton Offshore (–3.76%), and Fidson Healthcare Plc (–3.72%) also posted losses.
Most Traded Stocks
Turnover spiked sharply, driven by block transactions:
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Unity Bank Plc dominated with 4.00bn shares worth ₦12.72bn.
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Aradel Holdings Plc followed with 693.25m units valued at a record ₦388.20bn, underscoring strong institutional flows.
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Consolidated Hallmark Plc exchanged 333.21m shares worth ₦1.26bn.
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SterlingNG and Zenith Bank Plc completed the list with ₦772m and ₦3.14bn respectively.
Bonds and ETFs
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Bonds: Sovereign bonds traded flat, with no price movements across listed maturities.
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ETFs: The ETF segment remained mildly bullish. Stanbic ETF 30 advanced 1.13% to ₦444.99, while VSPBONDETF gained 0.95% to ₦213.00. Other ETFs closed flat.
Market Outlook
The strong rebound was underpinned by institutional block trades and renewed interest in oil & gas and industrial equities. However, the concentration of gains in a few large counters suggests overall sentiment remains fragile.
Going into Friday, the market may trade mixed as profit-taking emerges in high flyers, while bargain hunters continue to target undervalued large- and mid-cap stocks.