The Nigerian stock market posted a modest rebound on Wednesday, adding N20 billion in market capitalization after a day of losses. The market closed at N93.776 trillion, up from an opening value of N93.756 trillion. This gain was reflected in the All‑Share Index, which rose 0.20 percent (31.27 points) to finish at 147,742.23.
Market breadth was positive, with 34 stocks posting gains and 28 recording losses. Skye Shelter Fund led the gainers, jumping 9.88 percent to N418.75. Royal Exchange followed with a 7.37 percent rise to N2.33, and International Energy Insurance increased 6.05 percent to N2.98 per share. Other notable gainers included Julius Berger, up 5.51 percent to N134, and Omatek Ventures, which rose 4.90 percent to N1.50 per share.
Among the losers, Tripple Gee fell 9.91 percent to N4.91, while Industrial and Medical Gases dropped 9.87 percent to N32.40. UAC of Nigeria declined 6.46 percent to N68 per share, and both Ellah Lakes and Ja Paul Gold slipped 4.66 percent and 4.51 percent, respectively.
Trading activity improved markedly, with 389.1 million shares valued at N12.5 billion exchanged in 23,017 transactions—significantly higher than the previous day’s 262.5 million shares worth N8.3 billion traded across 16,693 transactions. The most actively traded stocks were Fidelity Bank, CHAMS, Zenith Bank, Access Corporation, and FirstHoldCo.
The slight rebound suggests a return of investor confidence, driven by interest in key stocks. As the market evolves, monitoring trends and activity will be essential to gauge the broader economic trajectory, and investors will be watching closely to see whether this positive momentum persists in the coming days.
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