February 11, (THEWILL) — The Nigerian equities market sustained its upward trajectory on Wednesday, posting another solid gain as investors maintained strong buying momentum across key counters.
The market Capitalisation on Wednesday opened at N113.496 trillion and closed at N114.377 trillion. The All-Share Index (ASI) opened at 176,809.43 and closed at 178,184.54, reflecting continued positive sentiment and steady capital inflows into equities.
Market breadth remained firmly positive, with 49 gainers outpacing 32 losers, signaling sustained bullish undertone despite pockets of profit-taking in select stocks.
Trading activity showed strong demand in consumer goods and insurance counters, helping to anchor the market’s advance.
The top gainers include:
- MEYER 10.00 percent (N19.00 to N20.90).
- NESTLE 10.00 percent (N2,200.00 to N2,420.00).
- FTGINSURE 10.00 percent (N0.30 to N0.33).
- CONHALLPLC 10.00 percent (N4.50 to N4.95).
- ZICHIS 9.98 percent (N8.12 to N 8.93).
On the other side:
- HONYFLOUR -9.70 percent (N25.25 to N22.80).
- NEIMETH -9.15 percent (N14.20 to N12.90).
- TIP -9.81 percent (N20.65 to N19.45).
- RTBRISCOE -5.70 percent (N15.27 to N14.40).
- STERLINGNG -5.56 percent (N8.10 to N7.65).
Stocks which closed the day unchanged include DN Tyre and Rubber, Golden Guinea Brew, Guinness Nigeria Plc, BUA Foods, Vitafoam Nigeria.
Overall, the session reflected sustained accumulation in fundamentally strong names, with blue-chip participation reinforcing the market’s bullish structure.
While selective profit-taking persists, the broader tone remains constructive heading into the next session.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
