The Nigerian Exchange (NGX) closed marginally higher on Wednesday, as the benchmark All-Share Index (ASI) gained 0.02% to settle at 147,742.20 points, representing an increase of 31.3 points from the previous session.

Despite the slight uptick, overall market activity declined, with trading volume falling to approximately 388 million shares, down from 495 million shares recorded in the prior session. Fidelity Bank Plc emerged as the day’s most actively traded stock, accounting for 46.8 million units exchanged.

Meanwhile, market capitalization remained steady at ₦93.7 trillion, reflecting a subdued trading mood as investors maintained a cautious stance.

On the gainers’ chart, SFS Real Estate Investment Trust (SFSREIT) led with a 9.88% increase, followed by Royal Exchange Plc, which appreciated by 7.37%. Conversely, Tripple Gee and Company Plc and International General Insurance (IMG) topped the losers’ list, shedding 9.91% and 9.87%, respectively.

Market analysts attribute the muted performance to mixed investor sentiment amid profit-taking in select mid-cap stocks.