The Nigerian stock market came alive on Thursday, rebounding with a thunderous gain of N377 billion as bulls stormed the Nigerian Exchange Ltd. (NGX), rekindling investor confidence. Nigerian cuisine

Market capitalisation jumped by 0.58 per cent, closing at a staggering N65.847 trillion, up from N65.470 trillion posted on Wednesday. Riding the same wave, the All-Share Index (ASI) surged by 601.25 points to settle at 104,788.25, compared with the previous close of 104,187.00.


The bullish momentum was powered by frenzied buying in heavyweight and mid-tier stocks, with Caverton Offshore Support Group, VFD Group, and Neimeth International Pharmaceuticals among the top gainers setting the pace.

The day’s trading session wrapped up with an emphatic market breadth of 47 gainers against just 11 losers.

On the gainers’ chart, FG152028S1 led the pack with a jaw-dropping 100 per cent rise, closing at N100.00. Caverton followed closely with a 10 per cent gain, ending the day at N2.31 per share.

VFD Group and Neimeth each soared by 9.92 per cent, closing at N79.80 and N2.88 respectively, while Veritas Kapital Assurance climbed 9.57 per cent to finish at N1.03 per share.

However, not all stocks shared in the day’s euphoria. On the losers’ end, ABC Transport shed 10 per cent, closing at N1.26, while Eterna slumped 9.90 per cent to N32.30 per share.

CAP Plc lost 7.45 per cent to finish at N43.50, Regalins dipped 3.64 per cent to 53k, and Nigerian Exchange Group dropped 3.23 per cent to N34.50 per share. Nigerian cuisine

The trading floor also witnessed a jump in activity, with 432.56 million shares worth N9.719 billion exchanged in 12,027 deals, up from 376.61 million shares valued at N11.89 billion across 11,576 transactions recorded the previous day.

Access Corporation dominated the volume chart, moving 77.861 million shares worth N1.62 billion. It was trailed by Ellah Lakes, which traded 44.24 million shares at N132.76 million, while Fidelity Bank recorded 32.46 million shares worth N614.78 million.

Also making the big movers list were Zenith Bank, with 30.20 million shares valued at N1.466 billion, and United Bank for Africa, which closed with 20.45 million shares worth N718 million.

With investor confidence on the rise and the bulls firmly in control, the market is once again showing signs of vibrant resilience.

https://pmnewsnigeria.com/2025/04/10/bull-surge-investors-rake-in-n377bn-as-nigerian-stock-market-roars-back-to-life/