December 11, (THEWILL) — The Nigerian Exchange (NGX) closed on a positive note on Thursday, buoyed by renewed buying interest across major sectors. Market Capitalisation opened at ₦93.624 trillion and declined slightly to ₦93.318 trillion, but the All-Share Index (ASI) strengthened significantly from 146,862.01 points to 147,950.59 points, reflecting a strong uplift in overall market performance.
Market breadth remained positive, with 31 gainers outperforming 24 losers, signalling improved investor appetite despite the mild dip in market cap.
Top Gainers for the Day
BERGER gained 9.88 percent (from ₦36.45 to ₦40.05).
JAPAULGOLD advanced 9.88 percent (from ₦2.53 to ₦2.78).
MORISON appreciated 9.77 percent (from ₦3.89 to ₦4.27).
PZ rose 9.36 percent (from ₦41.15 to ₦45.00).
LEGENDINT gained 8.91 percent (from ₦5.05 to ₦5.50).
Top Losers for the Day
JOHNHOLT lost -9.26 percent (from ₦5.40 to ₦4.90).
CHAMPION dipped -7.86 percent (from ₦14.00 to ₦12.90).
ETERNA fell -5.48 percent (from ₦31.95 to ₦30.20).
VFDGROUP declined -5.07 percent (from ₦10.85 to ₦10.30).
TIP shed -4.80 percent (from ₦12.50 to ₦11.90).
Unchanged stocks include Dangote Cement, Lafarge Africa, Seplat Energy, Okomu Oil Palm, John Holt Plc, and Presco Plc.
Sentiment remained broadly constructive as investors took positions in select mid- and large-cap stocks, particularly in industrials and consumer goods counters. The significant rise in the ASI reflects strong demand in high-capitalisation equities, even as some profit-taking persisted in specific names.
With renewed buying momentum and improving market breadth, the market may sustain a mildly bullish tone in the near term. However, the mixed performance across sectors suggests intermittent volatility as investors continue to balance bargain-hunting with cautious repositioning ahead of macroeconomic updates.
Ogochukwu Onwaeze
