The Nigerian stock market ended a four-day losing streak on a high note Friday, adding N285 billion to investors’ portfolios. Renewed interest in key stocks like Julius Berger, Learn Africa, Cornerstone Insurance, Aso Savings, and Ikeja Hotel boosted market sentiment and pushed the All-Share Index up by 449.80 points to close at 154,126.46.
The market capitalization climbed slightly by 0.29% to N97.543 trillion, while year-to-date returns rose to 49.74%. Despite the gains, 35 stocks lost value compared to 31 gainers. Notable winners included Julius Berger and Learn Africa, both up 10%, alongside Cornerstone Insurance and Aso Savings, which saw nearly 10% gains.
On the flip side, Eterna, McNicholas, and Deap Capital fell 10% each, while Sunu Assurances and UPDC also declined sharply. Trading volume reached 5.2 billion shares worth N45.2 billion, with Cornerstone Insurance leading activity.
This rebound signals renewed confidence among investors eager to capitalize on market opportunities as Nigeria’s economy shows resilience.
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