The Nigerian Exchange (NGX) Limited inched closer to N100 trillion on Wednesday after it gained 0.37 per cent on the last trading day of 2025.
The growth recorded by the local stock market was driven by bargain-hunting in the financial services sector, according to data obtained by Business Post.
Yesterday, the insurance space grew by 2.17 per cent, the banking index improved by 1.40 per cent, and the consumer goods sector expanded by 0.20 per cent.
However, three other major sectors witnessed profit-taking, with the energy counter shedding 0.55 per cent, the commodity industry losing 0.31 per cent, and the industrial goods segment declining by 0.14 per cent.
The losses posted by the trio could not bring down Customs Street, as the All-Share Index (ASI) closed higher by 578.31 points to 155,613.03 points from 155,034.72 points and the market capitalisation increased by N533 billion to N99.376 trillion from N98.843 trillion.
Aluminium Extrusion was the biggest price gainer with an appreciation of 9.90 per cent to trade at N21.65, Austin Laz gained 9.82 per cent to close at N4.25, Meyer jumped by 9.75 per cent to N12.95, C&I Leasing soared by 9.60 per cent to N6.85, and Union Dicon advanced by 9.52 per cent to N6.90.
Conversely, Neimeth lost 9.37 per cent to sell for N5.80, Tantalizers declined by 6.72 per cent to N2.50, International Breweries crumbled by 4.44 per cent to N14.00, NPF Microfinance Bank depreciated by 3.13 per cent to N3.71, and Vitafoam slumped by 3.06 per cent to N92.00.
Investor sentiment remained bullish after the bourse finished with 47 price gainers and 16 price losers, representing a positive market breadth index.
Market participants transacted 1.2 billion equities worth N35.1 billion in 27,884 deals yesterday compared with the 4.7 billion equities valued at N38.9 billion traded in 34,852 deals on Tuesday, showing a shortfall in the trading volume, value, and number of deals by 74.47 per cent, 9.77 per cent, and 19.99 per cent apiece.
Chams led the activity chart with 710.3 million units sold for N2.6 billion, Zenith Bank traded 58.8 million units worth N3.7 billion, Access Holdings exchanged 57.6 million units valued at N1.2 billion, FCMB transacted 44.1 million units for N516.3 million, and Tantalizers traded 39.9 million units worth N100.1 million.