For the 15th consecutive trading session, the Nigerian Exchange (NGX) Limited ended in the bulls’ territory after it further gained 0.08 per cent on Wednesday.
The last time the local equity exchange tasted defeat was on July 1, 2025, when it crumbled by 0.20 per cent due to profit-taking.
Business Post reports that investors have continued to mop up shares with sound fundamentals, especially dividend-paying equities in preparation for half-year cash reward.
Data showed that Academy Press appreciated by 10.00 per cent to close at N7.70, The Initiates improved by 9.98 per cent to N13.34, Ikeja Hotel soared by 9.95 per cent to N21.00, Nigerian Enamelware chalked up 9.84 per cent to sell for N24.55, and NAHCO advanced by 9.65 per cent to N117.00.
Conversely, Austin Laz declined by 10.00 per cent to N2.34, Tripple Gee lost 9.95 per cent to quote at N3.89, Omatek fell by 9.72 per cent to N1.30, DAAR Communications slumped by 9.64 per cent to 75 Kobo, and Multiverse depreciated by 9.09 per cent to N9.00.
It was observed that unlike the preceding session, investor sentiment was weak as the market breadth index was negative after the bourse recorded 29 price gainers and 37 price losers.
For the third straight trading day, Access Holdings topped the activity chart after it traded 98.6 million equities worth N2.7 billion, Ellah Lakes exchanged 61.1 million stocks valued at N581.6 million, Japaul transacted 49.2 million shares for N136.8 million, Royal Exchange sold 43.8 million equities valued at N53.6 million, and Universal Insurance traded 32.1 million stocks worth N23.4 million.
At the close of transactions, the market participants bought and sold 681.2 million shares for N17.0 billion in 26,931 deals at midweek compared with the 771.7 million shares valued at N26.8 billion that exchanged hands in 32,734 deals a day earlier, indicating a shortfall in the trading volume, value, and number of deals by 11.73 per cent, 36.57 per cent, and 17.73 per cent apiece.
As for the key performance indicators, the All-Share Index (ASI) went up by 105.70 points to 132,557.43 points from 132,451.73 points and the market capitalisation moved up by N67 billion to N83.856 trillion from N83.789 trillion.