The Nigerian stock market extended its bullish momentum for a fourth consecutive session on Thursday, as investors netted fresh gains of N283 billion.
According to data from the Nigerian Exchange Limited (NGX), total market capitalization rose by 0.25 percent to close at N114.660 trillion, up from N114.377 trillion. The All-Share Index (ASI) mirrored this performance, advancing by 441.27 points or 0.25 percent to settle at 178,625.63. The sustained rally has pushed the Year-to-Date (YTD) return to 14.79 percent.
Market breadth ended positive, with 46 equities appreciating against 35 that declined. Seplat Energy, RT Briscoe, and Deap Capital Management led the gains, each climbing 10 percent to close at N8,107, N15.84, and N8.69 per share, respectively. On the downside, Nigerian Aviation Handling Company posted the largest loss, falling 9.98 percent, followed by May & Baker and Ecobank Transnational Incorporated.
Trading activity, however, subsided compared to the previous session. A total of 698.3 million shares worth N28.4 billion exchanged hands in 50,886 deals, down from 939.2 million shares valued at N34.03 billion in 61,279 transactions.
Access Corporation was the most actively traded stock by volume, accounting for 52.05 million shares or 7.45 percent of the total. By value, Guaranty Trust Holding dominated, with trades worth N4.34 billion representing 15.25 percent of the day’s total.
The four-day winning streak follows significant cumulative gains in recent sessions, with investors recording profits of N1.4 trillion, N1.8 trillion, and N881 billion over the prior three trading days. This persistent upward trend underscores renewed investor confidence in Nigeria’s equities market, tracked by the key ASI benchmark.
