The Nigerian Exchange (NGX) Limited bounced back into the green territory on Wednesday after a brief stay in the danger zone in the previous day due to weak sentiment.
At midweek, the local stock market experienced a positive market breadth index and strong investor sentiment after finishing with 33 price gainers and 28 price losers.
SFS REIT gained 9.88 per cent to trade at N418.75, Royal Exchange appreciated by 7.37 per cent to N2.33, International Energy Insurance surged by 6.05 per cent to N2.98, Julius Berger grew by 5.51 per cent to N134.00, and Omatek jumped by 4.90 per cent to N1.50.
Conversely, Tripple Gee lost 9.91 per cent to sell for N4.91, Industrial and Medical Gases slipped by 9.87 per cent to N32.40, UAC Nigeria gave up 6.46 per cent to close at N68.00, Ellah Lakes depreciated by 4.66 per cent to N13.30, and Japaul went down by 4.51 per cent to N2.54.
In the midst of the growth posted by the bourse yesterday, some sectors were under selling pressure, with the banking space losing 0.15 per cent and the insurance counter declining by 0.13 per cent.
However, the energy and consumer goods sectors closed higher by 0.09 per cent each, and the industrial goods counter appreciated by 0.08 per cent, while the commodity industry closed flat.
At the close of the trading session, the All-Share Index (ASI) slightly went up by 31.26 points to 147,742.22 points from 147,710.96 points and the market capitalisation advanced by N19 billion to settle at N93.776 trillion compared with Tuesday’s N93.757 trillion.
During the session, a total 389.1 million stocks valued at N12.5 billion were traded in 23,017 deals versus the 495.1 million stocks worth N17.3 billion transacted in 25,645 deals a day earlier, implying a decline in the trading volume, value and number of deals by 21.41 per cent, 27.75 per cent, and 10.25 per cent apiece.
Fidelity Bank topped the activity chart after it sold 46.9 million units worth N942.3 million, Chams traded 24.8 million units valued at N101.4 million, Zenith Bank transacted 20.9 million units for N1.4 billion, Access Holdings exchanged 19.2 million units worth N495.4 million, and First Holdco transacted 16.6 million units valued at N519.7 million.
The National Bureau of Statistics (NBS) released the inflation numbers for September 2025 and it was disclosed that the average prices of goods and services for the month eased by 18.02 per cent compared with the 20.12 per cent recorded in August 2025.