September 17, 2025
Nigerian Stock Market Recovers, Gains N310bn as Investors Hunt Bargains
The Nigerian stock market on Thursday rebounded with a 0.35 per cent growth, translating to a N310 billion gain for equity investors.
The bullish momentum was driven by renewed bargain hunting and heightened investor interest in stocks such as Chellaram, Austin Laz, The Initiates, Sovereign Trust Insurance, Aradel Holdings, and 23 others.
Specifically, the market capitalisation, which opened at N89.555 trillion, appreciated by N310 billion to close at N89.865 trillion.
Similarly, the Nigerian Exchange (NGX) All-Share Index (ASI) climbed by 0.35 per cent or 489.45 points, settling at 142,036.23 compared with 141,546.78 recorded on Tuesday.
However, market breadth closed negative as 32 equities recorded losses against 28 gainers.
Guinea Insurance topped the losers’ chart, shedding 9.70 per cent to close at N1.49, while Cornerstone Insurance fell by 8.68 per cent, ending at N6.52 per share.
Legend Internet dropped 7.27 per cent to N5.10, while Deap Capital Management lost 7.06 per cent, closing at N1.58 per share.
Similarly, Thomas Wyatt Nigeria declined by 6.49 per cent, finishing at N2.45 per share.
On the gainers’ side, Chellaram led with a 9.77 per cent increase to N14.60, followed by Austin Laz with a 9.67 per cent rise to N2.95 per share.
The Initiates advanced by 8.08 per cent to settle at N12.97, while Sovereign Trust Insurance grew by 7.37 per cent, closing at N3.06 per share.
Also, Aradel Holdings appreciated by 6.97 per cent to end trading at N583 per share.
Market activity analysis showed a decline in the number of deals, despite an improvement in both value and volume, as one billion shares worth N24.7 billion were traded in 23,281 transactions.
This compared with 414.9 million shares valued at N12.95 billion exchanged in 25,386 deals in the previous session on Tuesday.
Abbey Mortgage Bank led the activity chart with 401.1 million shares worth N2.7 billion.
It was trailed by Fidelity Bank with 254.8 million shares valued at N5.3 billion, while United Bank for Africa (UBA) traded 23.2 million shares worth N1.1 billion.
FirstHoldCo recorded transactions in 22.5 million shares valued at N699.6 million, while Access Corporation exchanged 17.5 million shares worth N473.9 million. GMTNewsng
