The Nigerian Exchange (NGX) closed Thursday’s trading session on a bullish note, recording improvements across key market indicators as investors exchanged 495.85 million shares worth ₦29.56 billion in 28,926 deals.
According to data from the Exchange, the day’s performance represented a 9% increase in trading volume, a 99% jump in turnover, and a 5% rise in deals compared with Wednesday’s session on October 29.
The market capitalisation of the Nigerian Exchange Limited currently stands at ₦97.6 trillion, reflecting the resilience of the equities market amid mixed investor sentiment.
A total of 131 listed equities participated in trading, with 20 gainers and 40 losers, while the rest closed unchanged.
Oando Plc emerged as the day’s best-performing stock, gaining 9.99% to close at ₦46.80 per share, extending its recent bullish run driven by renewed investor interest in the energy sector. It was followed by ASO Savings & Loans, which rose 9.3%, AIICO Insurance (5.26%), and May & Baker Nigeria (5%).
On the flip side, Cadbury Nigeria Plc led the decliners with a 10% drop, closing at ₦62.55 per share, followed by International Breweries (-10%), Chams Holdings (-10%), and Learn Africa Plc (-9.92%), as profit-taking and weak sentiment weighed on their prices.
Guaranty Trust Holding Company (GTCO) recorded the day’s highest trading volume with 97.9 million shares, followed by ASO Savings & Loans with 75.4 million, Chams Holdings with 24.6 million, and AIICO Insurance with 16.2 million shares.
Despite the mixed sentiment, the significant rise in turnover suggests renewed investor appetite, particularly for large-cap banking and industrial stocks. Analysts believe the market could maintain this positive momentum into the end of the week, supported by strong corporate earnings and steady macroeconomic indicators.
