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Market capitalisation increased by ₦328 billion to ₦163.859 trillion.
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The All-Share Index advanced by 505.56 points to close at 252,366.80.
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Market breadth improved, with 26 gainers against 21 decliners, as Fidson Healthcare led the advancers with a 9.94 percent gain.
November 12, (THEWILL) – The Nigerian Exchange Limited (NGX) returned to positive territory on Thursday, as market capitalisation increased by ₦328 billion from ₦163.531 trillion at the opening to ₦163.859 trillion at the close of trading.
The All-Share Index (ASI) also advanced by 505.56 points, representing a 0.20 percent increase from 251,861.24 to 252,366.80 points. The recovery followed Wednesday’s decline, when market capitalisation shed ₦293 billion, and the benchmark index fell by 0.18 percent.
Market breadth also improved during the session, with 26 equities appreciating in price against 21 decliners. This represented a reversal of Wednesday’s trading pattern, when 29 stocks declined compared with 23 gainers, suggesting a modest improvement in buying interest across the Exchange.
Top Gainers
- Fidson Healthcare advanced by 9.94 percent (₦83.50 to ₦91.80).
- Sunu Assurances gained 9.92 percent (₦2.62 to ₦2.88).
- Champion Breweries rose by 9.85 percent (₦10.15 to ₦11.15).
- Caverton Offshore Support Group appreciated by 9.59 percent (₦3.65 to ₦4.00).
- FTG Insurance gained 9.42 percent (₦1.38 to ₦1.51).
Top Decliners
- International Breweries fell by 7.18 percent (₦9.05 to ₦8.40).
- Tantalizers declined by 6.67 percent (₦3.75 to ₦3.50).
- Honeywell Flour Mills shed 4.85 percent (₦33.00 to ₦31.40).
- Vitafoam Nigeria lost 4.66 percent (₦141.50 to ₦134.90).
- UPDC Real Estate Investment Trust declined by 3.74 percent (₦20.05 to ₦19.30).
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Several equities closed unchanged during the session, including Julius Berger Nigeria Plc, John Holt Plc, UPDC Plc, Golden Guinea Breweries, BUA Foods Plc, Cadbury Nigeria Plc and Nestlé Nigeria Plc, among others.
Thursday’s recovery followed two consecutive sessions of losses, during which the market capitalisation declined from ₦163.917 trillion at Monday’s close to ₦163.531 trillion at Wednesday’s close. The latest increase brought market capitalisation back above ₦163.8 trillion, while the ASI also regained ground.
The unchanged positions of equities such as Julius Berger, John Holt, BUA Foods, Cadbury Nigeria and Nestlé Nigeria reflected mixed trading activity, even as the overall market closed higher.
Investors will be watching whether the positive momentum can extend into the next session, particularly as market breadth has returned to positive territory. Sustained advances in the benchmark index and a wider spread of gains would strengthen the indication of a recovery in market sentiment.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.