The Nigerian Stock Exchange (NSE) posted a notable single‑day gain of N360 billion on Wednesday, spurred by heightened buying interest and bargain hunting. Chellaram and FTN Cocoa Processors led the list of gainers, helping the Nigerian Exchange Limited (NGX) close on a bullish note. The NGX’s performance indices rose 0.41 percent, driven mainly by strong demand for medium‑ and large‑cap stocks such as Chellaram, FTN Cocoa Processors, Berger Paints, Sunu Assurances, and Livestock Feeds. In total, 35 stocks posted gains, while market capitalisation increased 0.41 percent to N88.813 trillion, up from N88.453 trillion the day before. The All‑Share Index (ASI) also climbed 569.25 points, or 0.41 percent, settling at 140,356.36.
Despite the overall positive trend, 27 stocks recorded losses, led by FG162029S1, which fell 49.49 percent to close at N55. On Thursday, trading activity surged, with 767.7 million shares worth N40.64 billion exchanged across 24,837 transactions. This marked a substantial rise from Tuesday’s 659.2 million shares valued at N12.5 billion traded in 25,334 transactions. FCMB Group topped the activity chart, handling 287.7 million shares worth N3.1 billion.
The Nigerian market’s performance reflects growing investor confidence and increased buying interest. The NGX’s single‑day gain of N360 billion underscores the market’s potential for growth and investment opportunities, suggesting that investors will continue to monitor its developments closely.
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