On Wednesday, investors in Nigeria’s stock market enjoyed a substantial gain of N568 billion by the end of trading.
This boost was driven by notable increases in the share prices of companies including FTN Cocoa, Livestock Feed Plc, and Eterna Plc, among others.
The All-Share Index (ASI), the key market indicator, climbed to 145,719.09 points, up from 144,995.26 points recorded the previous session.
Following five hours of active trading, the total market capitalization rose to N92.4 trillion, compared to N91.9 trillion reported on Tuesday.
The market showed a mixed but overall positive trend, with 29 stocks advancing, 34 declining, and 84 remaining stable across 25,597 transactions.
Leading the gainers, FTN Cocoa’s shares jumped by 8.89% to close at N6.00, Livestock Feed Plc rose 7.43% to N7.95, and Eterna Plc increased by 6.96% to N41.50, up from their previous prices of N5.51, N7.40, and N38.80 respectively.
Conversely, Industrial and Medical Gases, LivingTrust Mortgage Bank, and Sunu Assurance Plc experienced declines, with their share prices dropping 9.97%, 9.93%, and 9.48% to close at N32.95, N5.35, and N5.25 respectively, down from N36.60, N5.94, and N5.80.
In terms of trading volume, Consolidated Hallmark Plc led with 83 million shares exchanged in 100 deals, followed by FirstBank HoldCo with 36 million shares traded across 341 deals.
Jaiz Bank also saw significant activity, trading 28 million shares in 595 transactions.
Regarding value traded, Guaranty Trust Holding Company topped the list with stocks worth N1.7 billion exchanged in 928 deals, while Lafarge WAPCO followed with N1.3 billion in 282 deals.
Aradel Holding Plc also recorded substantial value, trading shares worth N1.3 billion in 492 deals.
