After a dip, Nigeria’s stock market rallied on Wednesday, lifting investors’ portfolios and signaling renewed confidence.
The Nigerian Exchange Limited saw a major rebound as market capitalisation rose by N684 billion, from N121.552 trillion to N122.236 trillion. The All-Share Index jumped 0.56%, closing at 190,427.96 points, pushing the Year-To-Date return to 22.37%.
Stocks like Beta Glass, Mansard, Skyway Aviation Handling Company, Zichis Agro Allied Industries, and Japaul Gold drove gains of up to 10%, while some counters like Deap Capital and Vitafoam saw double-digit declines.
Trading activity surged, with 3.7 billion shares valued at N61.9 billion exchanged across 68,693 deals — a 206% jump in volume from Tuesday. FCMB led the day, accounting for 80% of total volume traded.
The market breadth ended negative (42 losers vs. 34 gainers), but the overall rebound reflects growing investor interest and confidence in key equities.
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