Nigerian Stock Market Rebounds with N377 Billion Gain

Lagos, April 10, 2025 – Naija247news – The Nigerian stock market rebounded on Thursday, recording a gain of N377 billion on the Nigerian Exchange Ltd. (NGX). The market capitalisation rose by 0.58%, settling at N65.847 trillion, compared to the previous day’s N65.470 trillion.

The All-Share Index (ASI) also surged by 601.25 points, or 0.58%, to close at 104,788.25, up from 104,187.00 recorded on Wednesday. This uptrend was primarily driven by strong buying interest in medium and large capitalised stocks, including Caverton Offshore Support Group, VFD Group, and Neimeth International Pharmaceutical, among others.

The market breadth closed positive, with 47 gainers and 11 losers.

Among the top gainers, FG152028S1 grew by 100% to close at N100.00 per share, while Caverton Offshore Support Group increased by 10% to N2.31. VFD Group climbed 9.92%, closing at N79.80, and Neimeth International Pharmaceutical also gained 9.92%, finishing at N2.88 per share. Veritas Kapital Assurance rose by 9.57% to close at N1.03.

On the other hand, the top losers included ABC Transport, which dropped by 10% to close at N1.26, and Eterna, which fell by 9.90% to N32.30 per share. CAP Plc declined by 7.45%, closing at N43.50, and Regalins lost 3.64%, ending at 53k per share. The Nigerian Exchange Group also dropped by 3.23%, closing at N34.50 per share.

A total of 432.56 million shares worth N9.719 billion were traded across 12,027 transactions, compared to 376.61 million shares valued at N11.89 billion in 11,576 transactions on Wednesday.

Access Corporation led the activity chart with 77.861 million shares valued at N1.62 billion, followed by Ellah Lakes with 44.24 million shares worth N132.76 million, and Fidelity Bank, which transacted 32.46 million shares worth N614.78 million.

Other notable transactions included Zenith Bank, with 30.20 million shares worth N1.466 billion, and United Bank for Africa, which sold 20.45 million shares worth N718 million.

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