February 04, (THEWILL) — The Nigerian equities market staged a robust recovery on Wednesday, buoyed by heightened investor activity and strong sectoral performance. Market capitalisation surged from ₦106.494 trillion at the open to ₦107.861 trillion at close, while the NGX All-Share Index (ASI) climbed from 165,901.57 to 168,030.18, reflecting a solid upward momentum across the board.
Market breadth tilted heavily in favour of bulls, with 53 gainers outpacing 28 losers, signalling renewed buying appetite and confidence among investors.
The top gainers for the session, demonstrating significant upward momentum, include:
BERGER gained 10.00 percent (₦60.00 to ₦66.00).
DAARCOMM added 10.00 percent (₦1.70 to ₦1.87).
RTBRISCOE 10.00 percent (₦9.50 to ₦10.45).
FTGINSURE rose 10.00 percent (₦0.20 to ₦0.22).
FIRSTHOLDCO advanced 9.92 percent (₦44.35 to ₦48.75).
On the downside, profit-taking and selective sell-offs weighed on some stocks, with the top laggards being:
DEAPCAP -9.97 percent (₦7.62 to ₦6.86).
REDSTAREX -9.97 percent (₦19.05 to ₦17.15).
UHOMREIT -9.95 percent (₦76.90 to ₦69.25).
MCNICHOLS -9.93 percent (₦7.25 to ₦6.53).
ETRANZACT -9.89 percent (₦18.70 to ₦16.85).
Stocks that remained resilient and unchanged include Seplat Energy, Okomu Oil, Presco Plc, Meyer Plc, Cadbury Nigeria Plc, and Nestle Nigeria Plc.
Analysts note that today’s session reflects strong bullish sentiment, driven by targeted buying in high-growth and defensive sectors. While profit-taking was observed in some top performers, the overall market momentum points to sustained investor optimism in key equities, underpinned by sectoral resilience and renewed capital inflows.
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.
