The Nigerian Exchange Limited (NGX) rebounded sharply on Wednesday, posting a single‑day gain of N2.59 trillion. This marks the first major recovery since the market was rattled by U.S. President Donald Trump’s military threat, which sparked panic selling. Market capitalisation rose 2.88%, climbing from N89.88 trillion to N92.48 trillion, while the All‑Share Index advanced by the same margin to close at 145,403.83 points, up from 141,327.30 on Tuesday.
The rally was led by strong performances from blue‑chip stocks such as Guaranty Trust Holding Company (GTCO), Nigerian Breweries, Ecobank Transnational, Access Corporation and AXA Mansard, each gaining about 10%. Their closing prices were N85.80, N66, N34.65, N22 and N13.31 per share, respectively. Positive sentiment lifted the year‑to‑date return to 41.27%, with 65 gainers outnumbering 11 losers, signaling renewed investor confidence after a week of steep losses.
Conversely, Transpower, Vitafoam and Austinlaz were the laggards, each falling 10% to close at N307.80, N84.60 and N2.61 per share. Trading activity surged, with 806.4 million shares worth N50.78 billion exchanged in 24,509 deals—a 73% jump in turnover and a 23% rise in volume, despite a slight dip in the number of deals. GTCO led the activity chart with 105 million shares traded, while Aradel Holdings recorded the highest transaction value at N12.91 billion.
The rebound follows a turbulent week in which Nigerian equities shed over N2.8 trillion after Trump designated Nigeria a “Country of Particular Concern,” triggering widespread sell‑offs and market anxiety. The NGX’s significant gain is a positive development for the Nigerian stock market, demonstrating its resilience and the confidence of investors in the Nigerian economy.
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