The Nigerian stock market closed Wednesday’s trading session on a positive note, with the All Share Index (ASI) climbing by 0.27% to settle at 109,059.33 points, up from 108,762.60 points recorded the previous day.
This upward movement translated to a gain of N187 billion in investors' wealth, as the market capitalisation also rose by 0.27%, closing at N68.544 trillion compared to N68.357 trillion on Tuesday.
Trading activity remained robust, with a total of 531 million shares exchanged in 14,870 deals, valued at approximately N19.8 billion.
Market Breadth
The market breadth ended in positive territory, with 34 stocks recording price gains against 24 that declined.
Top Gainers
Northern Nigeria Flour Mills and MCNICHOLS topped the gainers’ chart, each advancing by 10% to close at N99.55 and N1.76, respectively.
Champion Breweries and CAVERTON also posted strong gains, rising by 9.91% and 9.78% respectively.
Top Losers
On the losers’ side, MULTIVERSE led the pack, dropping 9.63% to close at N9.85 from N10.90.
LEGENDINT and VERITAS KAPITAL followed with losses of 5.41% and 4.76%, respectively.
Volume Drivers
Fidelity Bank saw heavy trading, with 41 million shares exchanged in 537 deals, worth about N835 million.
ACCESSCORP recorded 52 million shares traded in 998 deals, valued at N1.1 billion, while GTCO led in value terms, with 53 million shares traded in 553 deals, worth N3.67 billion.
The day's performance reflects renewed investor confidence and steady interest in key stocks across the board.
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