April 29, (THEWILL) — Trading on the Nigerian equities market closed strongly bullish on Wednesday, as sustained demand across key sectors pushed market indicators sharply higher on the Nigerian Exchange (NGX).
Market capitalisation rose significantly by ₦5.55 trillion, moving from ₦147.17 trillion at the opening of the session to ₦152.73 trillion at the close. Similarly, the All-Share Index (ASI) advanced by 8,625.79 points, closing at 237,205.59 from an opening level of 228,579.80.
Market breadth closed firmly positive, with 50 gainers outpacing 43 losers, reflecting sustained bullish sentiment and strong investor participation across the trading floor.
Top Five Gainers
CAP strongly gained 10.00 percent (₦120.00 to ₦132.00)
UACN firmly advanced 10.00 percent (₦150.00 to ₦165.00)
ZICHIS improved sharply 10.00 percent (₦18.00 to ₦19.80)
AIRTELAFRI rallied strongly 10.00 percent (₦2,746.70 to ₦3,021.30)
JAIZBANK posted modest gains 9.99 percent (₦8.01 to ₦8.81)
Top Five Losers
CADBURY declined sharply -10.00 percent (₦73.50 to ₦66.15)
JOHNHOLT suffered losses -10.00 percent (₦14.00 to ₦12.60)
ETRANZACT weakened significantly -9.97 percent (₦17.55 to ₦15.80)
MORISON slipped notably -9.92 percent (₦11.79 to ₦10.62)
HMCALL eased lower -9.74 percent (₦3.80 to ₦3.43)
Several blue-chip and large-cap stocks, including Seplat Energy, Okomu Oil Palm Company, Golden Guinea Breweries, Guinness Nigeria, BUA Foods and Nestle Nigeria, closed flat for the session.
Market sentiment remained strongly bullish, driven by broad-based buying across consumer goods, industrial, and telecom counters. The sharp rise in both the ASI and market capitalisation reflects renewed investor confidence and aggressive positioning in high-cap stocks, even as selective profit-taking persisted in mid- and small-cap equities.
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.
