Reported by Tahir Ishaq Shehu
The Nigerian Exchange (NGX) extended its bullish rally on Wednesday, with investors pocketing a combined gain of ₦212 billion amid strong interest in mid and large-cap equities.
The All-Share Index (ASI) rose by 335.74 points (+0.28%), closing at 121,989.67 points, while market capitalization climbed to ₦76.97 trillion, up from ₦76.76 trillion the previous session.
Market Highlights
Total Gain: ₦212 billion
ASI Close: 121,989.67 points
Market Cap: ₦76.97 trillion
1-Week Return: +1.37%
4-Week Return: +6.99%
Year-to-Date Return: +18.52%
Market Activity
Volume Traded: 888.7 million shares
Value Traded: ₦15.61 billion
Deals Executed: 24,303
Activity declined compared to previous session:
Volume: ↓12%
Value: ↓16%
Top Gainers (↑10%)
Nigerian Enamelware
Red Star Express
Ellah Lakes
C & I Leasing
RT Briscoe
Chams Plc
Top Losers
Legend Internet (−8.05%)
Guinea Insurance (−7.14%)
Eterna Plc (−4.65%)
E-Tranzact (−4.44%)
Regency Alliance (−4.35%)
International Breweries (−4.14%)
Most Active Stocks
By Volume:
Japaul Gold (~137m shares)
Access Holdings
By Value:
Access Holdings: ₦1.84bn
GTCO: ₦1.60bn
Aradel: ₦1.55bn
Zenith Bank: ₦1.34bn
NGX Group: ₦1.02bn
Sector Performance
Insurance Index: +2.48%
Industrial: +0.97%
Pension: +0.60%
Banking: +0.45%
Premium Board: +0.30%
NGX 30: +0.25%
The continued bullish sentiment reflects strong investor confidence, supported by bargain hunting and improved corporate fundamentals. Analysts remain cautiously optimistic about the short-term outlook.
