The Nigerian Exchange Limited (NGX) extended its bullish momentum on Wednesday as the All-Share Index (ASI) advanced by 0.21 percent from 201,287.78 recorded on Tuesday to close at 201,703.55 points.
The positive performance reflects sustained buying interest in key equities, particularly within the banking and financial services sector.
Equities market capitalisation increased from ₦129.21 trillion to ₦129.81 trillion, representing a gain of approximately ₦599 billion in investor wealth.
Market Activity
Trading activity remained robust as investors exchanged a total of 815.48 million shares valued at ₦33.29 billion in 52,641 deals, indicating continued liquidity and strong market participation.
Top Gainers
Market gains were led by UPDC Real Estate Investment Trust (UPDCREIT), which rose by 10.00 percent from ₦7.00 to ₦7.70.
Other notable advancers include:
- International Energy Insurance Plc (INTENEGINS): +9.91% to ₦3.55
- RT Briscoe Plc (RTBRISCOE): +8.81% to ₦10.50
- Mutual Benefits Assurance Plc (MBENEFIT): +7.58% to ₦4.40
- Zenith Bank Plc (ZENITHBANK): +7.52% to ₦103.00
Top Losers
On the downside, TAJSUKS1 led the losers’ chart with a 16.04 percent decline to ₦83.00.
Other decliners include:
- Omatek Ventures Plc (OMATEK): -10.00% to ₦1.98
- Nestlé Nigeria Plc (NESTLE): -10.00% to ₦3,055.50
- FTN Cocoa Processors Plc (FTNCOCOA): -9.97% to ₦5.33
- Chams Holding Company Plc (CHAMS): -9.79% to ₦3.96
Top Trades
Trading activity was dominated by banking stocks, with Wema Bank Plc leading the chart with 77.75 million shares valued at ₦2.03 billion.
Other actively traded stocks include:
- Guaranty Trust Holding Company Plc (GTCO): ₦8.97 billion
- Access Holdings Plc: ₦1.64 billion
- FirstHoldCo Plc: ₦2.97 billion
- Zenith Bank Plc: ₦5.15 billion
Fixed Income and ETF Market
The bond market remained largely stable, with key instruments including CP26NGNGS1B, DAN2029S2TB, DIF2029S1TA, FG162029S1 and FG172035S1 closing unchanged.
The ETF segment recorded positive performance across major instruments. NEWGOLD gained ₦2,881.74 to close at ₦188,881.99, while SIAMLETF40 rose by ₦1,306.42 to ₦15,577.00. GREENWETF added ₦109.99, while VSPBONDETF and VETGOODS recorded marginal gains.
Market Outlook
The market’s continued upward trend reflects sustained investor confidence, supported by strong liquidity and increased positioning in banking stocks.
However, mixed performance across sectors suggests cautious optimism as investors balance accumulation with profit-taking, while monitoring macroeconomic conditions and corporate earnings expectations.