Trading activities on the Nigerian Exchange (NGX) closed on a bullish note on Wednesday, with significant growth in both trading volume and turnover despite a slight dip in the number of deals executed.
At the close of trading, investors exchanged a total of 806.36 million shares valued at ₦50.74 billion across 24,489 deals.
The figures represent a 23% increase in traded volume and a 73% rise in turnover, compared with Tuesday’s session, though the number of deals declined by 17%.
The overall market capitalisation now stands at ₦93.4 trillion, underscoring renewed investor confidence in the equities market.
A total of 129 listed equities participated in the day’s trading, with 64 gainers outpacing 12 losers.
Guaranty Trust Holding Company (GTCO) led the gainers’ chart, appreciating by 10% to close at ₦85.80 per share, followed closely by Nigerian Breweries, Zenith Bank, and Oando, all advancing by 10% apiece.
On the flip side, Transcorp Power topped the losers’ chart with a 10% decline, closing at ₦307.80 per share, while Vitafoam Nigeria and Austin Laz & Company also fell by 10% each. Red Star Express dropped 9.8%, rounding off the day’s list of notable decliners.
In terms of volume, GTCO maintained dominance with 105 million shares traded, followed by Zenith Bank (86.8 million), Stanbic IBTC Holdings (43.6 million), and Access Holdings (35.9 million).
Market analysts attributed the uptick in turnover and positive breadth to renewed buying interest in banking and industrial stocks, reflecting investors’ confidence in the ongoing recovery trend in the Nigerian capital market.
