Trading on Wednesday on the Nigerian Exchange Limited ended with modest gains, lifting both market value and the benchmark index. Market capitalisation edged up to N157.042 trillion from N156.943 trillion, while the All-Share Index rose to close at 244,852.21.
The index finished higher by 154.59 points, an increase of 0.06 per cent compared with the prior session’s 244,697.62. The advance helped extend the market’s year-to-date performance to 57.35 per cent, suggesting a steady bid for equities even as sentiment remained mixed.
Quick facts
- Market capitalisation rose 0.06% to N157.042 trillion (from N156.943 trillion).
- All-Share Index gained 154.59 points (0.06%) to close at 244,852.21.
- Year-to-date return strengthened to 57.35%.
- Market breadth stayed negative: 37 decliners vs 30 gainers.
- Trading volume slipped 3.47% to 1.23 billion shares; value traded was N38.84 billion across 54,193 deals.
- Sterling Nigeria led by volume with 565.33 million shares (46.10% of total).
- Aradel led by value with N6.82 billion (17.55% of total market value).
Despite the bullish tilt in prices, breadth remained skewed to the downside. Losers outnumbered gainers, with 37 stocks falling against 30 that advanced, pointing to pockets of profit-taking or selective selling across the exchange.
Among the rising names, Livestock Feeds topped the gainers list, climbing 10 per cent to settle at N9.35. Deep Capital, Abbey Mortgage Bank, Vitafoam, and FTN Cocoa Processors also posted notable gains during the session.
On the other end, FG142037S2 recorded the steepest decline, dropping 26.67 per cent to close at N95.33. Neimeth Pharmaceuticals, International Energy Insurance, John Holt, and Union Homes Real Estate Investment Trust were among the other decliners.
Trading activity
Market activity cooled compared with the previous day. Total volume decreased by 3.47 per cent to 1.23 billion shares, while the value of trades fell to N38.84 billion, recorded across 54,193 transactions.
Sterling Nigeria was the most actively traded stock by volume, attracting 565.33 million shares—equivalent to 46.10 per cent of all shares traded. In value terms, Aradel led with deals worth N6.82 billion, accounting for 17.55 per cent of the day’s total market value.
