The Nigerian stock market maintained its upward trajectory on Wednesday, recording a significant N861 billion gain as investor confidence continued to drive buying activity across key sectors.
Market capitalisation increased by 0.61 percent, closing at N141.384 trillion compared to N140.523 trillion in the previous trading session. The benchmark All-Share Index also moved in the same direction, advancing by 1,336.39 points to settle at 219,586.20, up from 218,249.81.
This latest performance further strengthened the market’s year-to-date return, which climbed to 41.11 percent, underscoring the sustained bullish trend. Market breadth remained slightly positive, with 31 stocks posting gains against 28 decliners.
On the gainers’ chart, Transcorp Hotels, Vitafoam, UAC of Nigeria, and Chemical and Allied Products stood out, each recording a 10 percent increase in share price. Their strong performance contributed notably to the day’s overall market advance.
However, not all stocks participated in the rally. Neimeth Pharmaceuticals led the laggards, declining by 10 percent to close at N9 per share. Abbey Mortgage Bank followed with a 9.85 percent drop to N5.95, while Livingtrust Mortgage Bank fell by 8.94 percent to N3.36. ABC Transport also declined by 8.65 percent, closing at N5.70, and Haldane McCall slipped by 6.23 percent to N3.61 per share.
Despite the positive price movement, trading activity moderated during the session. Total volume traded fell by 18.85 percent to 683.68 million shares, with a corresponding value of N36.17 billion recorded across 51,694 deals.
First HoldCo emerged as the most actively traded stock of the day, accounting for 76.64 million shares valued at N5.78 billion. This represented 11.21 percent of the total traded volume and 15.99 percent of the overall market value for the session.
