The Nigerian Exchange Limited (NGX) reversed two consecutive sessions of losses to close upbeat as market capitalisation rose by N649 billion.

The all-share index (ASI) gained by 1,010.22 points, representing a growth of 0.52 per cent to close at 196,908.76 points.

Also, market capitalisation gained N649 trillion to close at N126.399 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Transcorp Hotels, BUA Cement, Fidson Healthcare, CAP and Guiness Nigeria.

On market performance, Imperial Asset Managers Limited said: “Overall, the session reflects returning of investor confidence, supported by selective accumulation in fundamentally strong stocks amid positive macroeconomic environment and above par corporate earnings released so far for full year, 2025 season.”

Out of the 132 traded stocks, 30 advanced, 30 declined, indicating a mixed market breadth. FTN Cocoa Processors recorded the highest price gain of 10 per cent to close at N6.27 kobo.

Fidson Healthcare followed with a gain of 9.97 per cent to close at N105.35 kobo while DEAP Capital Management and Trust up by 9.89 per cent to close at N7.

Caverton Offshore Support Group rose by 9.4 per cent to close at N6.40 kobo. Livestock Feeds also appreciated by 9.3 per cent to close at N7.05 kobo.

On the other hand, Eterna and Omatek Ventures led the losers’ chart by 10 per cent each to close at N42.30 kobo and N2.52 kobo respectively, while SCOA Nigeria followed with a decline of 9.94 per cent to close at N22.65 kobo.

Fortis Global Insurance depreciated by 9.24 per cent to close at N1.08 kobo while Sovereign Trust Insurance declined by 9.09 per cent to close at N2.10 kobo.

Meanwhile, the total volume traded declined by 25.84 per cent to 549.781 million units, valued at N44.736 billion and exchanged in 55,465 deals. .

Transactions in the shares of Fortis Global Insurance topped the activity chart with 32.182 million shares valued at N34.775 million.

Access Holdings followed with 28.124 million shares worth N700.986 million, while First Holdco traded 27.722 million shares valued at N1.385 billion.

Zenith Bank traded 27.483 million shares valued at N2.559 billion, while Dangote Cement sold 26.893 million shares worth N20.671 billion.