The Nigerian equities market staged a rebound on Wednesday, with investors earning N143.5 billion as market capitalization climbed back above the N90 trillion mark.
The All-Share Index (ASI) rose by 0.16%, closing at 142,263.07 points, while the year-to-date return inched up to 38.22% from 38.00% the previous day. Similarly, the month-to-date gain stood at 1.4%.
Market sentiment was positive as 30 stocks advanced against 20 decliners. Top performers included Guinness Nigeria (+10.00%), Dangote Sugar (+3.33%), GTCO (+0.74%), and Nigerian Breweries (+1.71%).
Sectoral performance, however, was mixed. The Banking (-0.23%) and Insurance (-1.07%) indices closed lower, while the Consumer Goods (+0.75%), Oil & Gas (+0.28%), Industrial Goods (+0.01%), and Commodities (+0.16%) sectors posted modest gains.
Trading activity weakened as investors exchanged 325.11 million shares worth N8.42 billion in 22,779 deals, representing a sharp decline of 67.64% in volume and 65.86% in value compared to the previous session. Access Holdings led in volume, while Zenith Bank topped the value chart.
The rebound underscores renewed investor interest, though analysts note that mixed sectoral performance and declining trade activity could temper momentum in the short term.
