Nigerian Stocks Rebounds Strongly as Investors Gain N377 Billion

The Nigerian stock market rebounded strongly on Thursday as investors gained N377 billion on the Nigerian Exchange Limited (NGX) by the close of trading.

The recovery comes after a turbulent week, with the market capitalisation rising by N377 billion or 0.58 percent to finish at N65.847 trillion, up from N65.470 trillion posted the previous day.

Likewise, the All-Share Index (ASI) gained 601.25 points or 0.58 percent, moving up to 104,788.25 from Wednesday’s 104,187.00.

The bullish sentiment was largely driven by buying pressure in mid- and large-cap stocks, including Caverton Offshore Support Group, VFD Group, and Neimeth International Pharmaceuticals, which saw notable price upticks.

Overall, the market closed on a positive note with “47 gainers and 11 losers.”

Among the top performers, “FG152028S1 grew by 100 percent to close at N100.00,” while “Caverton Offshore Support Group increased by 10 percent to close at N2.31 per share.”

“VFD Group soared by 9.92 percent to close at N79.80,” and “Neimeth International Pharmaceutical gained by 9.92 percent to close at N2.88 per share.”

“Veritas Kapital Assurance grew by 9.57 percent to close at N1.03 per share.”

On the flip side, “ABC Transport dropped by 10 percent to close at N1.26,” and “Eterna fell by 9.90 percent to close at N32.30 per share.”

“CAP Plc declined by 7.45 percent to close at N43.50,” while “Regalins lost 3.64 percent to close at 53k per share.”

“Also, the Nigerian Exchange Group dropped by 3.23 percent to close at N34.50 per share.”

Investors traded a total of 432.56 million shares valued at N9.719 billion in 12,027 deals. This was an increase in volume but a decline in value compared to Wednesday’s 376.61 million shares worth N11.89 billion across 11,576 deals.

“Transactions in the shares of Access Corporation led the activity chart with 77.861 million shares worth N1.62 billion.”

This was followed by “Ellah Lakes with 44.24 million shares valued at N132.76 million,” while “Fidelity Bank transacted 32.46 million shares worth N614.78 million.”

“Also, Zenith Bank traded 30.20 million shares valued at N1.466 billion,” and “United Bank for Africa sold 20.45 million shares worth N718 million.”

Thursday’s gain on the NGX comes just three days after investors suffered a loss of N659 billion, triggered by a global stock market downturn that followed “President of the United States of America Donald Trump’s tariff announcement on April 2, 2025.”