On Wednesday, the Nigerian stock market saw a positive shift, resulting in an addition of N97 billion to investors’ portfolios. The market capitalisation for listed equities rose from N55.033 trillion to N55.130 trillion, marking an increase of 0.18%.
The All-Share Index also experienced an uptick, rising by 0.18% or 171 points to reach 97,098.98, up from 96,928.52 on Tuesday. Consequently, the Year-To-Date (YTD) return improved to 29.86%.
Market breadth was favorable, with 27 gainers against 22 losers. Among the top gainers, Redstarex led with a 10% increase, closing at N4.18 per share, followed by Oando, which gained 9.98% to close at N33.60 per share. RT Briscoe and United Capital each rose by 9.90%, closing at N1.11 and N16.10 per share, respectively. Industrial and Medical Gases increased by 9.87%, closing at N17.25 per share.
On the flip side, Neimeth topped the losers’ list with a 7.69% drop, closing at N1.80. Honeywell Flour decreased by 6.10% to close at N3.85 per share. Sovereign Trust Insurance fell by 5.56% to 51k, Deap Capital Management and Trust Plc declined by 4% to 48k, and Ecobank Transnational Incorporated shed 3.72% to close at N20.70 per share.
Trading activity showed a significant increase in turnover, with transaction values rising by 89.59% compared to the previous session. A total of 636.50 million shares worth N12.77 billion were traded in 9,744 deals, compared to 449.21 million shares valued at N6.74 billion traded in 9,381 deals during the previous session.
Access Corporation was the most traded stock by volume, with 112.62 million shares worth N2.11 billion. Guaranty Trust Holding Company (GTCO) led in value, trading 74.34 million shares valued at N3.34 billion.
