On Wednesday, the Nigerian Stock Exchange (NSE) saw a significant increase in trading activity. The All-Share Index (ASI) rose by 472.43 points to reach 98,174.99, which is a 0.48% gain, showing a positive market mood.
The market’s strong performance was marked by higher trading volume, with 521 million shares traded, which is a 30.64% increase from the previous day. The total value of all shares traded was N59.5 trillion, and there were 9,420 individual trades that day.
GOLDBREW was the biggest gainer, rising by 9.83%, closely followed by THOMASWY, which also increased by 9.83%, and FTNCOCOA, which came in third with a 9.50% rise. On the other hand, SUNUASSUR saw the biggest drop, losing 9.85% of its value, with LEARNAFRICA also falling by 9.85%.
TANTALIZER and WAPCO were the most traded stocks, leading the market activity. The Nigerian stock market saw a big increase in trading, with the number of shares traded going up by 30.64%. A total of 521.9 million shares were traded, which is more than the 399.4 million shares traded the day before.
SEPLAT had the highest trading value, with transactions worth N8 billion. WAPCO came next with N4.2 billion in trade value, showing that investors are still interested in this stock.
Among the big companies with market capitalizations over N1 trillion, LAFARGE, SEPLAT, and ARADEL saw their stock prices go up by 7.56%, 7.55%, and 0.02%, respectively. The FUGAZ group, which includes FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, also saw their stock prices increase.
Experts believe that if more SWOOT stocks show good price movements in the next few days, the index might rise towards the 99,000 level and exceed the N60 trillion market value.
