The Nigerian stock market rebounded on Thursday, adding about N648 billion in market value after two sessions of losses.

Data from the Nigerian Exchange Limited showed market capitalization rising from N125.750 trillion to N126.398 trillion, marking a 0.52 percent increase. Similarly, the All-Share Index gained 1,010.22 points, or 0.52 percent, climbing from 195,898.54 to close at 196,908.76.

The positive performance lifted the year-to-date return to 26.54 percent. Market breadth ended neutral, with 30 gainers and 30 decliners recorded.

Leading the gainers was FTN Cocoa Processors, which surged 10 percent to N6.27 per share. Fidson Healthcare, Deap Capital Management, Caverton Offshore Support Group, and Livestock Feeds also posted notable gains.

On the flip side, Eterna and Omatek Ventures topped the losers’ list, each falling 10 percent to close at N42.30 and N2.52 per share, respectively.

Trading activity softened, with total volume down 18.01 percent to 549.78 million shares, exchanged in 55,465 deals valued at N44.74 billion. Fortis Global Insurance recorded the highest volume at 32.18 million shares, while Dangote Cement accounted for the highest value traded at N20.67 billion, representing 5.85 percent of the day’s total volume and 46.21 percent of its total value.