The Nigerian Exchange (NGX) extended its bullish run on Wednesday, with renewed buying interest in equities lifting market indicators and boosting investor wealth by N410 billion.
The benchmark All-Share Index (ASI) rose by 0.40 per cent to close at 160,591.76 points, up from 159,951.08 points at the previous session.
As a result, total market capitalisation also appreciated by 0.40 per cent to N102.685 trillion, compared with N102.275 trillion recorded on Tuesday.
Trading activity remained robust, with a total of 1.4 billion shares exchanged in 48,789 deals, valued at N20 billion.
Market breadth
Despite the overall market gain, market breadth closed negative, as 40 stocks declined while 33 equities recorded price appreciation.
Gainers
UNIONDICON, Okomu Oil and Seplat Energy topped the gainers’ chart, each rising by the maximum 10.00 per cent. UNIONDICON closed at N8.80, Okomu Oil advanced to N1,204.50, while Seplat ended the session at N6,171.00.
Other notable gainers included MCNichols, Eterna Oil and Multiverse Mining, which appreciated by 9.97 per cent, 9.93 per cent and 9.90 per cent respectively.
Losers
On the downside, Cadbury Nigeria led the losers, shedding 10.00 per cent to close at N63.00 from N70.00.
Austin Laz and Alex Industries also recorded significant losses, declining by 9.93 per cent and 9.91 per cent respectively.
Volume drivers
Linkage Assurance emerged as the most actively traded stock by volume, with about 55 million shares exchanged in 131 deals, valued at N99 million.
Access Holdings followed, trading 30 million shares in 2,176 deals worth N687.7 million.
Ellah Lakes also featured prominently, with approximately 26 million shares traded in 1,774 deals, valued at N442.6 million.
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