The Nigerian Exchange (NGX) recovered from recent losses as investors gained approximately N82 billion in capital appreciation on Thursday.
The equities market ended its two-day negative streak with a 0.12% increase in key performance indicators, driven by strategic purchases of previously undervalued medium and small-cap stocks.
The All-Share Index rose by 130.24 basis points, closing at 106,220.62. This recovery indicates renewed investor confidence in stocks trading below their perceived value, potentially signaling positive short-term momentum in the market.
Trading activity showed mixed patterns, with total volume declining by 77.20% while transaction value increased significantly by 62.34%. According to Atlass Portfolios Limited, approximately 341.71 million shares worth ₦16,654.96 million changed hands across 11,233 deals.
TANTALIZER led in trading volume, representing 8.68% of total shares traded, followed by ACCESSCORP (8.55%), ZENITHBANK (8.42%), GTCO (7.82%), and UNIVINSURE (6.14%). GEREGU dominated in value terms, accounting for 46.64% of the day's total transaction value.
Among gainers, UPDC topped the chart with a 9.92% price increase, while other notable advancers included INTBREW (+9.62%), ROYALEX (+9.59%), MULTIVERSE (+8.81%), NGXGROUP (+6.14%), and TIP (+5.95%). In total, 35 stocks appreciated in value.
Conversely, 20 stocks declined, with UPL experiencing the largest drop at -10.00%. Other significant losers included ACADEMY (-9.66%), REDSTAREX (-9.32%), CILEASING (-4.75%), DANGSUGAR (-2.06%), and GTCO (-1.79%).
Sector performance was broadly positive. The Banking index was the only decliner, dropping 0.50% due to profit-taking in GTCO. Meanwhile, Consumer Goods (+1.40%), Insurance (+0.62%), and Oil & Gas (+0.05%) indices all registered gains, driven by price increases in INTBREW, CORNERST, and OANDO respectively. Both the Industrial Goods and Commodity indices remained unchanged.
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