The local stock market maintained its upward momentum as the All-Share Index rose by 0.51 percent to close at 105,283.67 basis points.
Market capitalization mirrored this performance, increasing by 0.51 percent to ₦66.16 trillion, translating to a ₦338 billion boost in investor wealth.
As a result, the month-to-date and year-to-date returns settled at -0.9 percent and +2.29 percent, respectively.
Market breadth was positive, with 34 stocks advancing against 17 decliners.
Top gainers included Associated Bus Company, VFD Group, Learn Africa, Regal Insurance, and African Prudential, while Sunu Assurance, MRS, Abbey Mortgage Bank, John Holt, and Austin Laz led the laggards.
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At the Nigerian Exchange (NGX) on Wednesday, the session was marked by broad-based optimism, though sector performance was mixed.
The Banking and Consumer Goods sectors led with gains of 2.93 percent and 1.25 percent, respectively, while the Insurance and Oil & Gas sectors declined by 0.81 percent and 0.09 percent. The Industrial Goods and Commodities sectors remained flat.
Trading activity was robust. Despite an 18.26 percent drop in the number of deals, total volume and value climbed by 110.82 percent and 18.28 percent, respectively.
In total, 744.8 million units valued at ₦18.28 billion were traded across 11,226 deals.
This follows the previous day’s trend, where the total volume of trades decreased by 6.1 percent to 353.28 million units, valued at ₦7.20 billion, and exchanged in 13,734 deals.
On Wednesday, Fidelity Bank led the volume and value charts with 388.77 million units traded in deals worth ₦7.75 billion.
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