The Nigerian Exchange (NGX) saw a notable increase, with its market capitalization rising by more than ₦286 billion, fueled by investor interest in growth and value stocks.
According to NGX data, Wednesday’s trading session finished well, with the All-Share Index closing at 98,174.99, up 472.43 points, or 0.48%. Following Tuesday’s sell-off, analysts observed a market recovery driven by bargain shopping in large and mid-cap stocks, such as SEPLAT, WAPCO, and ACCESSCORP.
Despite the overall positive performance, trading volumes and values declined by 54.86% and 27.16%, respectively. Atlass Portfolios Limited reported that approximately 521.92 million shares worth ₦19.93 billion were traded across 9,420 deals. Tantalizer led the volume chart, contributing 16.95% of total trades, followed by WAPCO (10.98%), ACCESSCORP (7.87%), CUTIX (7.12%), and UBA (6.53%). SEPLAT dominated in trade value, accounting for 40.31% of the day’s total.
On the gainers’ list, Goldbrew led with a 9.83% increase, trailed by THOMASWY (+9.83%), FTNCOCOA (+9.50%), DEAPCAP (+9.43%), and NEM (+9.30%). In contrast, SUNUASSUR topped the losers’ chart with a 9.85% decline, followed by HMCALL (-9.15%), PZ (-8.71%), STERLINGNG (-7.16%), and ROYALEX (-6.35%).
Sectoral analysis showed mixed performance:
- Oil & Gas: +3.21%
- Insurance: +1.60%
- Industrial Goods: +0.81%
- Consumer Goods: -0.17%
- Banking: -0.07%
At the end of the session, the market capitalisation had increased by ₦286.39 billion to ₦59.51 trillion.
