The Nigerian stock market saw a 0.02% rebound on Wednesday, with market capitalization rising by N11 billion. The All-Share Index increased by 17 points. Leading gains were reported by UH Real Estate and Africa Prudential. Trading volume and value decreased relative to the previous day, yet major stocks like Access Holdings remained prominent.
On Wednesday, the Nigerian stock market experienced a slight recovery, marking a 0.02 percent increase after a series of losses. The Nigeria Exchange Limited (NGX) market capitalization rose by N11 billion to reach N67.179 trillion, up from N67.168 trillion. The All-Share Index also experienced a marginal gain of 17 points, closing at 107,798.99 compared to Tuesday’s closing of 107,781.79, bringing the Year-To-Date (YTD) return to 4.73 percent.
Leading the gainers’ chart was UH Real Estate Investment Trust, which saw a significant increase of 9.94 percent, closing at N44.25 per share. Africa Prudential followed closely with a gain of 9.90 percent, ending at N33.30 per share. Additionally, Caverton Offshore Support Group and Lasaco Assurance reported increases of 9.87 percent and 6.92 percent, closing at N2.45 and N3.09 per share, respectively.
In trading activity, investors exchanged 245,516,922 shares valued at N8.414 billion across 10,098 deals. This showed a decrease from the previous trading session where 363,516,922 shares valued at N10.118 billion were traded in 13,753 deals. Access Holdings led trading volume with 36.55 million shares, trailed by Zenith Bank and Sterling Financial Holdings, which recorded 26.79 million and 11.25 million shares, respectively.
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In summary, Nigeria’s stock market rebounded with a 0.02 percent increase, reflecting modest recovery from prior losses. Key figures included gains from leading stocks such as UH Real Estate Investment Trust and Africa Prudential. Trading activity remains robust, albeit slightly lower than previous volumes. This reflects the dynamic nature of investor engagement in the Nigerian stock market.
Original Source: gazettengr.com
