The Nigerian stock market closed higher on Thursday, July 3, with the All-Share Index adding 637.30 points to settle at 120,977.20.

This marks a 0.53% gain from the previous close of 120,339.90, despite a slowdown in trading activity.

Daily market volume declined to 933.4 million shares, compared to 1.04 billion shares exchanged the previous day.

Nevertheless, market capitalization rose sharply to N76.5 trillion across 24,207 deals, maintaining a firm hold above the N76 trillion mark.

Daily market volume moderated to 933 million shares, down from 1.04 billion recorded in the previous session.

Among the SWOOTs (Stocks Worth Over One Trillion Naira):

In the FUGAZ banking group:

On the flip side, ACCESSCORP dipped 2.6%, while FIRSTHOLDCO slipped 0.9%.

Today’s rally signals a potential shift in sentiment following last week’s brief pullback, which saw the index slip below the 120,000 mark.

With momentum returning, investors may be positioning for further upside in the sessions ahead.