Nigeria’s stock market maintained its bullish momentum on Thursday, with investors gaining N962 billion as equities closed higher for the fifth consecutive trading session.

 

 

The sustained rally pushed the market capitalisation up by 0.62 per cent, rising from N155.585 trillion at the start of trading to N156.547 trillion at the close.

 

Similarly, the All-Share Index, advanced by 1,498.75 points, or 0.62 per cent, climbing from 242,459.98 to 243,958.75.

 

 

The latest performance also lifted the market’s year-to-date return to 56.77 per cent, underscoring the continued strength of investor sentiment.

 

Market breadth closed in positive territory, with 29 stocks recording gains against 25 losers, reflecting sustained confidence in the equities market.

 

 

International Breweries topped the gainers’ chart after appreciating by 10 per cent to close at N12.10 per share. First HoldCo followed closely with a 9.96 per cent gain to settle at N69.55, while Abbey Mortgage Bank rose by 9.88 per cent to close at N8.90 per share.

 

On the losers’ table, power generation company Geregu and Thomas Wyatt shed 10 per cent each to close at N825.70 and N2.70 per share, respectively.

 

Trading activity also witnessed a sharp increase during the session, with total volume surging by 219.47 per cent to 1.66 billion shares valued at N111.98 billion across 44,780 deals.

 

First HoldCo dominated market activity, emerging as the most traded stock by both volume and value. Investors exchanged 1.26 billion shares of the company’s stock, representing 75.98 per cent of the day’s total trading volume, while transactions worth N85.61 billion accounted for 76.47 per cent of the total value traded.

 

UGAMATV reports that Thursday’s rally marked the fifth consecutive trading session of gains on the Nigerian exchange.

 

The latest performance comes after the Nigerian stock market was recently ranked the world’s best-performing market in dollar terms, posting a 68 per cent return in 2026.