Equities’ trading on the Nigerian stock market extended its bullish momentum on Wednesday, as investors’ appetite in stocks in the banking and consumer goods segment pushed the benchmark index upward.
As a result, NGX All-Share Index recorded a gain of 0.22 percent, closing the day’s session at 97,477.80 basis points.
Similarly, the market capitalization of the NGX rose by 0.22 percent to close at ₦59.07 trillion, availing investors a gain of N131.7 billion at the end of the day’s trading session.
Consequently, the year-to-date return rose to 30.36 percent.
Analysis of the sectoral performance showed positive reports in the banking, consumer goods, and industrial sectors as they posted 1.38 percent, 0.38 percent, and 0.01 percent increase respectively, while the insurance sector declined by 0.58 percent, even as the oil and gas sector remained unchanged at 0 percent.
In total, 30 stocks advanced, while 19 declined.
Leading gainers included INTENEGINS, JOHNHOLT, EUNISELL, THOMASWY, and UPL, while REGALINS, DAARCOMM, SOVRENINS, NEM, and UNIVINSURE were notable laggards.
Despite the positive movements, trading activity was generally subdued, with deals, volumes, and values down by 17.52 percent, 27.53 percent, and 16.53 percent, respectively.
Overall, 247.01 million shares were exchanged across 8,305 transactions, amounting to ₦7.51 billion.
ACCESSCORP led in volume, with 40 million shares worth ₦979.6 million across 490 trades, while ARADEL led in the traded value.
