Nigerian Equities Market Gains N683 Billion on Wednesday

On Wednesday, the Nigerian equities market experienced a positive return, gaining N683 billion, bringing the total market capitalization to N122.236 trillion, up from N121.553 trillion the previous day. The NGX share index appreciated by 1.10672 basis points, closing at 190,427.96 points compared to 189,321.24 points.

This positive performance was driven by gains in shares of companies such as Skyavn, Betaglass, Seplat Energy, Zenith Bank, and FCMB. Despite this, 27 companies recorded negative market breath, with 41 declining against 33 advancing, resulting in a year-to-date return of 22.37 percent.

Trading volume increased to 2.469 billion shares, representing a 205.92 percent increase, with a transaction value of N61.883 billion across 68,693 deals. Skyavn, Mansard Insurance, and Betaglass led the gainers' table, while Deap Capital, Mercur, and Vitafoam Nigeria were among the top losers.