Nigeria's stock market experienced its fourth consecutive day of gains on Thursday, driven by active trading and positive investor sentiment. According to Vetiva Research analysts, selective buying is expected to continue as investor confidence remains high. The All-Share Index (ASI) rose by 0.35% to close at 109,231.96 points, surpassing the 109,000.19 points from the previous day. Market capitalization also increased, settling at N68.652 trillion, a gain of N145 billion for investors on Thursday.

The sustained upward momentum has pushed the market's weekly gain to 3.01%, with a month-to-date return of 3.24%. The year-to-date return now stands at 6.13%, indicating growing investor confidence. On Thursday, investors traded 554,069,040 shares worth N14.347 billion across 16,704 deals. Actively traded stocks included Fidelity Bank, Access Holdings, Tantalizers, GTCO, and First Holdo.

Top Gainers:

Livestock Feeds Plc: Gained N0.75, closing at N8.35 (+9.87%).

Honeywell Flour Mills Plc: Gained N1.20, closing at N13.45 (+9.80%).

Eunisell Interlinked Plc: Gained N0.95, closing at N10.75 (+9.69%).

May & Baker Nigeria Plc: Gained N0.70, closing at N7.95 (+9.66%).

Tantalizers Plc: Gained N0.22, closing at N2.59 (+9.28%).

Top Losers:

Ikeja Hotel Plc: Lost N1.15, closing at N10.70 (-9.70%).

Transcorp Plc: Lost N4.90, closing at N46.90 (-9.46%).

FCMB Group Plc: Lost N0.75, closing at N9.10 (-7.61%).

Caverton Offshore Support Group Plc: Lost N0.16, closing at N2.60 (-5.80%).

ABC Transport Plc: Lost N0.08, closing at N1.50 (-5.06%).

Top Traded Stocks by Volume:

Zenith Bank Plc: 42.15 million shares traded, valued at N2.02 billion.

Fidelity Bank Plc: 35.94 million shares traded, valued at N624.73 million.

Access Holdings Plc: 31.50 million shares traded, valued at N746.90 million.

United Bank for Africa Plc: 23.99 million shares traded, valued at N897.80 million.

Tantalizers Plc: 23.06 million shares traded, valued at N59.18 million.

Additionally, Guaranty Trust Holding Co PLC (GTCO) experienced a surge in its share price, rising by 4% on Tuesday. Market experts have provided insights into the performance of GTCO shares, despite social media sentiments.