The Nigerian stock market staged a strong rebound on Thursday, recovering from a four-day losing streak and adding ₦279.37 billion in market capitalization.

Figures from the Nigerian Exchange (NGX) showed that the market capitalization rose to ₦89.343 trillion, up from ₦89.063 trillion the previous day. Similarly, the All-Share Index (ASI) advanced by 432.94 basis points, or 0.31 %, closing at 141,149.04 compared with 140,716.10 earlier.

On a month-to-date basis, the market is up 0.6 %, while year-to-date gains now stand at an impressive 37.1 %.

Sector Performance

Sectoral activity was mixed:

Banking (+1.0 %)

Oil & Gas (+0.7 %)

Consumer Goods (+0.3 %)

Insurance (–0.4 %)

Industrial Goods (flat)

Top Gainers

Mecure Plc: +9.89 % to ₦26.10

Oando Plc: +9.50 % to ₦49.00

McNicholas: +9.31 %

Chams: +9.24 %

Legend Internet: +9.18 %

Top Losers

Eterna Plc: –10.0 % to ₦27.90

Sovereign Insurance: –4.84 %

TIP Plc: –3.84 %

Caverton Plc: –3.76 %

Fidson Healthcare: –3.72 %

Outlook

The rebound reflects renewed buying interest after recent losses, with investors taking positions in fundamentally strong equities. Analysts note that market direction in the coming days will be shaped by corporate earnings, macroeconomic data, and global oil price movements, alongside domestic investor sentiment.