On Thursday, the Nigerian stock market returned to positive territory after four days of declines, driven by renewed buying interest.
The All-Share Index rose 0.31%, closing at 141,149.04 points, up from 140,716.10 points.
Market capitalisation also grew by 0.31%, reaching ₦89.343 trillion from ₦89.063 trillion, adding ₦280 billion in value.
Approximately 5.5 billion shares were traded across 20,399 deals, with a total value of ₦419.7 billion.
The market saw more gainers than losers, with 34 stocks advancing compared to 22 declining.
MECURE topped the gainers, rising 9.89% to close at ₦26.10 from ₦23.75.
Among the losers, ETERNA OIL shed 10.00%, closing at ₦27.90 from ₦31.00, while OANDO and MCNICHOLS dropped 9.31% and 9.24%, respectively. Sovereign Trust Insurance and THE INITIATES also declined by 4.84% and 3.84%, respectively.
Consolidated Hallmark Holding led trading volume with 333 million shares in 103 deals, valued at ₦1.26 billion. Sterling Bank traded 105 million shares in 513 deals worth ₦772 million, while Zenith Bank saw 46 million shares traded in 1,094 deals, valued at ₦3 billion.
