The Nigerian Exchange Limited (NGX) witnessed a remarkable upswing on Wednesday, posting a single-day gain of N1.185 trillion, driven by strong performances from key stocks including Oando and Dangote Sugar.
As a result, the market capitalisation rose by 1.57 percent to N76.761 trillion, up from N75.576 trillion recorded the previous day.
Similarly, the All-Share Index (ASI) advanced by 1,466.87 points, representing a 1.22 percent increase, to close at 121,257.69 compared to Tuesday’s 119,790.82.
Trading activity remained robust, with investors exchanging 861.67 million shares worth N26.18 billion across 22,896 deals. This was slightly lower in volume but higher in value than Tuesday’s session, which saw 868.68 million shares valued at N23.71 billion traded in 22,207 deals.
Market data revealed that Fidelity Bank led the activity chart, with 82.98 million shares valued at N1.66 billion. It was followed by Caverton Offshore Support Group, which traded 64.18 million shares worth N319.69 million, and Zenith Bank, which recorded 60.62 million shares valued at N3.45 billion.
Other notable movers included Ja Paul Gold, which saw 56.26 million shares exchanged for N115.35 million, and Access Corporation, with 48.59 million shares worth N1.12 billion.
