The Nigerian stock market extended its bullish run on Thursday as the All-Share Index (ASI) advanced by 1.23 percent to close at 211,901.01 points, up from 209,317.41 recorded in the previous session.
The sustained rally reflects continued investor confidence, supported by strong buying interest in large-cap and banking stocks.
Equities market capitalisation rose from ₦134.77 trillion to ₦136.44 trillion, translating to a gain of approximately ₦1.66 trillion in investor wealth.
Market Activity
Trading activity moderated slightly as investors exchanged a total of 584.96 million shares valued at ₦34.76 billion in 45,559 deals, indicating steady participation despite the strong price appreciation.
Top Gainers
Gains were led by FGSUK2031S4, which surged by 15.84 percent from ₦82.00 to ₦94.99.
Other notable advancers include:
- Guinea Insurance Plc (GUINEAINS): +10.00% to ₦1.21
- Trans-Nationwide Express Plc (TRANSEXPR): +10.00% to ₦5.50
- Aradel Holdings Plc (ARADEL): +9.99% to ₦1,547.50
- Ecobank Transnational Incorporated (ETI): +9.97% to ₦61.20
The continued strength in Aradel Holdings Plc and Ecobank Transnational Incorporated underscores sustained institutional demand.
Top Losers
On the downside, Ikeja Hotel Plc (IKEJAHOTEL) led the losers’ chart, declining by 9.73 percent to close at ₦33.40.
Other decliners include:
- Wapic Insurance Plc (WAPIC): -8.77% to ₦2.60
- Chemical and Allied Products Plc (CAP): -8.61% to ₦95.00
- International Energy Insurance Plc (INTENEGINS): -8.18% to ₦3.03
- McNichols Plc (MCNICHOLS): -5.82% to ₦6.31
Top Trades
Trading activity remained dominated by banking stocks with Zenith Bank Plc leading with 61.74 million shares valued at ₦7.60 billion.
Other actively traded stocks include:
- United Bank for Africa Plc (UBA): ₦2.11 billion
- Access Holdings Plc: ₦1.15 billion
- Guaranty Trust Holding Company Plc (GTCO): ₦3.23 billion
- NSLTECH: ₦37.54 million
Fixed Income and ETF Market
The bond market remained largely stable, with major instruments closing unchanged, reflecting steady pricing in the fixed income segment.
The ETF segment recorded mixed performance. NEWGOLD and SIAMLETF40 posted gains, while VSPBONDETF, VETBANK and VETGRIF30 declined, indicating profit-taking across selected ETF instruments.
Market Outlook
The Nigerian stock market’s continued rally highlights sustained bullish momentum, supported by strong liquidity and consistent institutional positioning in key sectors.
However, the presence of notable losers despite the broad market gain reinforces the ongoing trend of selective buying. Investors appear to be concentrating on fundamentally strong and high-impact stocks while taking profits in weaker counters.
With back-to-back strong sessions, the market is likely to maintain its upward bias, although intermittent corrections may emerge as investors rebalance positions following recent gains.