The Nigerian Exchange Limited witnessed a remarkable surge on Wednesday, with the All-Share Index soaring to an all-time high of 73,397.71 points and the market capitalization reaching an unprecedented N40.164 trillion. This bullish momentum marked a substantial 1.28% increase, resulting in equities gaining N508 billion, and signaling a momentous milestone as the year draws to a close.
Market activity reflected the extraordinary bullish run, with a significant uptick in the volume of shares traded. The traded volume surged to 554.64 million units, a substantial increase from the previous day’s 411.21 million units. Moreover, the value of trade experienced an impressive 84.6% surge, with N12.83 billion traded, compared to the previous day’s N6.95 billion.
Noteworthy gainers during this bullish streak included MULTIVERSE, which surged by 10.00% to close at N11.55, TRANSCORP, recording a significant 10.00% increase to close at N7.70, INFINITY, securing a notable 9.97% gain to close at N3.75, ETRANZACT, posting a robust 9.73% increase to close at N6.20, and CAVERTON, climbing by 9.66% to close at N1.93.
Conversely, some stocks experienced a decline, with TANTALIZER falling by 10.00% to close at N0.45, THOMASWY dipping by 9.86% to close at N2.65, TIP experiencing a 9.32% decrease to close at N1.07, JULI recording a 9.23% decline to close at N0.59, and CHAMS sliding by 9.05% to close at N1.81.
Moreover, the most actively traded stocks in terms of volume included GTCO (+0.76%), leading with 89.45 million units, followed by ACCESSCORP (+1.33%) with 59.71 million units, TRANSCORP (+10.00%) with 51.96 million units, FCMB (+1.39%) with 29.40 million units, and UBA (+1.00%) with 24.83 million units.
In terms of value, GTCO (+0.76%) also took the lead with N3.578 billion, trailed by AIRTELAFRI (+4.87%) with N2.492 billion, ACCESSCORP (+1.33%) with N1.367 billion, ZENITHBANK (+1.99%) with N914.19 million, and UBA (+1.00%) with N625.59 million.
The historic surge in market capitalization and the remarkable performance of the All-Share Index underscore the exceptional bullish run in the Nigerian Exchange, reflecting heightened investor confidence and robust market activity, setting the stage for a compelling narrative in the global financial landscape.
