After two days of losses, investors in the Nigerian stock market recorded a gain of N328 billion on Thursday.
Accordingly, during Thursday's trading, the market capitalisation, which opened at N163.531 trillion, gained N328 billion to close at N163.859 trillion.
Similarly, the All-Share Index rose by 0.20 per cent, or 505.56 points, settling at 252,366.80, compared with the 251,861.24 recorded on Wednesday.
This brought the market’s Year-to-Date return to an appreciation of 62.18 per cent, while market breadth closed positive, with 26 gainers and 21 losers.
NGX data showed that Fidson led the gainers' chart, rising by 9.94 per cent to settle at N91.80. Sunu Assurances and Champion Breweries also featured among the top gainers.
On the flip side, International Breweries led the losers' chart, declining by 7.18 per cent to close at N8.40. Tantalizers trailed with a 6.67 per cent loss, finishing at N3.50, while Honeywell Flour declined by 4.85 per cent to end the session at N31.40 per share.
Further analysis showed that market activity picked up sharply, with total trading volume surging by 596.70 per cent to 2.91 billion shares, worth N78.66 billion, across 28,318 deals.
Livestock Feeds led by volume, with 2.20 billion shares changing hands, while First Holdco led by value, with transactions worth N32.40 billion.
DAILY POST reports that the stock market lost N293 billion on Wednesday and N93 billion on Tuesday.
Nigerian Stock Market rebounds, investors gain N328bn after two days of losses