Nigerian stock market gains 0.41% on Wednesday

• The Nigerian Stock market (NGX) maintained its upward trajectory in today’s session, as the All-Share Index (ASI) advanced by 0.41% to close at 140,365.36 points. Consequently, the year-to-date return improved to 36.37%, up from 35.82% in the previous session, while market capitalisation rose by ₦360.18bn to settle at ₦88.81trn.
• The rally was buoyed by performances in DANGCEM (+1.50%), WAPCO (+6.71%), and UNILEVER (+6.33%), which offset selloffs in STANBIC (-1.95%), INTBREW (-3.52%), and CORNERST (-5.60%).
• Trading activity strengthened, with transaction volume and value up 16.47% and 224.89%, respectively. FCMB (+2.38%) dominated the volume chart with 287.77m units exchanged, while ARADEL (+3.68%) topped the value chart with trades worth ₦23.01bn.
• Market breadth closed positive at 1.48x, reflecting more gainers than losers. FTNCOCA (+10.00%) led the thirty-seven (37) advancers, while MAYBAKER (-9.97%) emerged as the top loser among twenty-five (25) decliners.

NASD Summary

• The NASD market closed reversed loses from the previous session, with the NASD Securities Index (NSI) and market capitalisation advancing by 0.93%, closing at 2,159.07 points and N2.16trn, respectively.
• Market activity improved declined, as transaction volume dipped by 88.79% while transaction value edged lower by 28.28%.  
• SDCSCSPLC (+3.84%) led the market gainers with no laggard recorded