The Nigerian stock market sustained its upward momentum on Wednesday, delivering an additional N861 billion gain to investors.
Market capitalization increased by 0.61 percent, rising from N140.523 trillion to N141.384 trillion. In the same vein, the All-Share Index advanced by 1,336.39 points, or 0.61 percent, to close at 219,586.20, up from 218,249.81 recorded in the previous session.
The year-to-date return improved to 41.11 percent, while market breadth remained positive, with 31 stocks recording gains against 28 losers.
Leading the gainers’ table, Transcorp Hotels, Vitafoam, UAC of Nigeria, and Chemical and Allied Products each appreciated by 10 percent, closing at N223.30, N143, N121, and N110, respectively.
On the downside, Neimeth Pharmaceuticals topped the losers’ chart, declining by 10 percent to close at N9 per share. Abbey Mortgage Bank fell by 9.85 per cent to N5.95, while Livingtrust Mortgage Bank dropped by 8.94 per cent to N3.36. ABC Transport lost 8.65 per cent to close at N5.70, and Haldane McCall slipped by 6.23 per cent to N3.61 per share.
Trading activity declined during the session, with total volume falling by 18.85 percent to 683.68 million shares valued at N36.17 billion, exchanged in 51,694 deals.
First HoldCo emerged as the most active stock, accounting for 76.64 million shares worth N5.78 billion. This represented 11.21 per cent of total traded volume and 15.99 per cent of the day’s overall value.
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