The Nigerian stock market rebounded sharply on Wednesday, adding N2.59 trillion to investors’ wealth as bullish sentiment returned across key sectors.
Market capitalisation rose by 2.88 per cent to N92.48 trillion from N89.88 trillion, while the All-Share Index appreciated by the same margin to close at 145,403.83 points, compared to 141,327.30 recorded the previous day.
The renewed optimism was fuelled by strong gains in blue-chip stocks, including Guaranty Trust Holding Company (GTCO), Nigerian Breweries, Ecobank Transnational Incorporated, Access Corporation, and AXA Mansard—all of which gained 10 per cent each.
The top gainers closed at N85.80, N66, N34.65, N22, and N13.31 per share respectively.
Conversely, Transpower, Vitafoam, and Austinlaz led the losers’ chart, each shedding 10 per cent to close at N307.80, N84.60, and N2.61 per share. Red Star Express dipped 9.80 per cent to N9.20, while Abbey Mortgage Bank fell 9.72 per cent to N6.50 per share.
Market activity also strengthened, with turnover surging 73 per cent to N50.78 billion, as trading volume rose 23 per cent to 806.4 million shares across 24,509 deals.
GTCO emerged as the most actively traded stock, recording 105 million shares, while Aradel posted the highest transaction value of N12.91 billion.
With Wednesday’s performance, the market’s Year-to-Date (YTD) return rose to 41.27 per cent, reflecting sustained investor confidence amid renewed buying interest in large-cap equities.
