Lagos — Nigerian equities rebounded on Thursday after four straight sessions of losses, with renewed bargain hunting pushing the All-Share Index (ASI) up 0.31% (+432.94 pts) to 141,149.04. Market capitalisation rose by ₦279bn to ₦89.342tn (from ₦89.063tn).
Breadth was positive: 34 gainers vs 22 losers.
Top gainers
- Mecure Industries +9.89% to ₦26.10
- Oando +9.50% to ₦49.00
- McNichols +9.31% to ₦3.64
- Chams +9.24% to ₦3.43
- Legend Internet +9.18% to ₦5.35
Top laggards
- Eterna −10.00% to ₦27.90
- Sovereign Trust Insurance −4.84% to ₦2.95
- The Initiates −3.84% to ₦12.02
- Caverton Offshore −3.76% to ₦6.40
- Fidson −3.72% to ₦41.40
Activity
Turnover surged: 5.5bn shares worth ₦419.7bn changed hands in 20,399 deals, versus 442.6m shares/₦16.9bn/21,684 deals on Wednesday—higher volume and value, fewer transactions.
Most traded (volume/value)
- Aradel Holdings led with 693.3m shares valued at ₦388.2bn.
- Consolidated Hallmark Holdings followed with 333.3m shares worth ₦1.3bn.
- Sterling Nigeria traded 104.9m shares valued at ₦771.8m.
- Zenith Bank crossed 45.5m shares worth ₦3.14bn.
- Unity Bank recorded 4.0m shares valued at ₦12.7bn.
Takeaway: The rebound was driven by interest in select mid- and large-caps (notably energy and tech-enabled names), suggesting dip-buying after recent weakness. Sustained momentum will hinge on follow-through demand and sector earnings cues in the days ahead.
