The Nigerian Exchange (NGX) closed positive on Thursday, gaining ₦111.08 billion after Wednesday’s sharp sell-off. The All-Share Index rose 0.12% to 143,239.23 points, with market capitalisation hitting ₦91.11 trillion.

MTN Nigeria (MTNN) led the rebound with a 1.08% gain, supported by improved sentiment in the Banking and Insurance sectors. The Insurance Index climbed 1.3%, while Banking and Consumer Goods indices posted slight increases.

Market breadth was positive with 33 gainers against 20 losers. Top performers included Ikeja Hotel, Linkage Assurance, Learn Africa, and NCR Nigeria, all up by about 10%. Major laggards were Champion Breweries, Sterling Holdings, and UPDC.

However, activity weakened as trading volume fell 57%, and turnover value dipped 64%, reflecting cautious investor sentiment.

Year-to-date, the market remains strong with a 39.2% return. Visit www.jocomms.com for more news.