The Nigerian Exchange (NGX) closed positive on Thursday, with investors gaining ₦143 billion as market capitalisation rebounded past the ₦90 trillion mark.
The market cap rose to ₦90.008 trillion from ₦89.865 trillion recorded the previous day. The All-Share Index (ASI) climbed 226.84 points, or 0.16%, to settle at 142,263.07, compared with 142,036.23 on Wednesday.
The upturn was driven by fresh investor appetite in Guinness Nigeria, Eunisell Interlinked, Regency Alliance Insurance, Thomas Wyatt Nigeria, and several mid-tier stocks.
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Guinness Nigeria led the gainers, jumping 10% to close at ₦176 per share.
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Eunisell Interlinked rose 9.89% to ₦30.55.
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Regency Alliance Insurance gained 9.82% to ₦1.79.
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Thomas Wyatt Nigeria appreciated 9.80% to ₦2.69.
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McNicholas advanced 9.58% to ₦3.86.
On the losers’ side:
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Consolidated Hallmark Holdings shed 7.59% to ₦4.02.
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The Initiates Plc (TIP) dropped 7.48% to ₦12.00.
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Sovereign Trust Insurance fell 6.21% to ₦2.87.
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Omatek Ventures declined 5.17% to ₦1.10.
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WAPIC Insurance lost 4.19% to ₦3.20.
Market breadth closed positive, with 30 gainers against 20 losers, reflecting a stronger bullish sentiment despite lighter trading activity compared to the previous session.
Total turnover stood at 325.1 million shares worth ₦8.4 billion in 22,779 deals, a sharp decline from Wednesday’s one billion shares valued at ₦24.7 billion in 23,281 deals.
