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Investors in the Nigerian equity market earned N390 billion at the close of trading on Wednesday.
This follows a surge in the prices of shares such as Universal Insurance, Omatek and VFD Group, among others, on the stock exchange floor.
The benchmark All-Share Index (ASI) index increased to 202,585.53 points from 202,023.1 points on the previous trading day.
After five hours of trading on the capital market, equity capitalization increased to N130.4 trillion from N130 trillion recorded by the exchange on Tuesday.
Market breadth was negative, with 22 stocks rising, 32 declining, and 94 stocks unchanged in 52,723 transactions.
A total of 1,006,999,472 shares were traded worth N40.5 billion.
READ ALSO: Stock market transactions rise 78.93% to N1.54tn for February ’26
Universal Insurance, Omatek and VFD Group led the gainers chart, with share price growth of 10%, 9.78% and 9.71% respectively, closing at N1.21, N2.47 and N11.30 per share, up from N1.10, N2.25 and N10.30 per share
UPDC REIT, FTG Insure and Deap Cap led other price declines with price drops of 10%, 9.92% and 9.85% respectively to close at N6.75, N1.18 and N5.40 per share, down from the previous N7.50, N1.31 and N5.99 per share.
On the volume index, Access Holding led trading with 232 million shares in 1,811 transactions, followed by Fidelity Bank which traded 113 million shares in 711 transactions.
Wema Bank traded 103 million shares in 673 transactions.
On the value index, Zenith Bank traded shares worth N6.4 billion in 3,888 transactions, followed by Access Holding, which traded equities worth N6 billion in 1,811 transactions.
GTCO traded shares worth N5.6 billion in 3,787 transactions.
Babajide Okeowo
