On Wednesday, equities trading at the Nigerian Exchange Limited (NGX) extended its bullish trajectory midweek, as the All-Share Index (ASI) edged up by 0.08 percent to close at 132,557.43 basis points.
The domestic bourse extended its bullish momentum as buying interests in Dangote Sugar, Access Holdings and Nestlé Nigeria spurred a 0.1 percent increase in the ASI, having appreciated 7.0 percent, 3.6 percent and 2.2 percent, respectively.
Consequently, the Month-to-Date and Year-to-Date returns settled higher at +10.5 percent and +28.8 percent, respectively.
This modest uptick reflected persistent investor optimism and strengthening confidence in the resilience of the local bourse.
As a result, market capitalization increased by N66.8 billion to settle at N83.86 trillion, underscoring improved liquidity conditions and heightened interest in fundamentally sound stocks.
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Despite the overall market gain, investor sentiment was moderately mixed, as evidenced by the slightly negative market breadth—29 stocks recorded gains while 37 declined—indicating a blend of bargain hunting and profit-taking activities.
On the performance board, Academy Press, The Initiates, Ikeja Hotel, Enamelware and Nigerian Aviation Handling Company led the gainers chart. These companies appreciated in share value by appreciated 10.00 percent, 9.98 percent, 9.95 percent, 9.84 percent and 9.65 percent, respectively.
Conversely, major decliners were Austin Laz, Tripple G, Omatek, Daar Communications, and Multiverse.
Sectoral performance was broadly positive, driven by renewed investor interest in key segments.
Notably, the Banking, Insurance, Consumer Goods, Oil & Gas and Commodity sectors closed in the green having appreciated by 0.44 percent, 0.13 percent, 0.30 percent, 0.21 percent and 0.07 percent, respectively; while the Industrial Goods sector declined by 0.62 percent.
Meanwhile, trading activity slowed, as total deals, volume, and value traded fell by 16.79 percent, 10.67 percent and 35.61 percent, respectively.
In total, investors exchanged 681.24 million shares worth N17.02 billion in 26,931 transactions.
Access Holdings was the most traded stock by volume and value at 98.62 million units and N2.74 billion, respectively.
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