May 06, (THEWILL) — The Nigerian equities market closed on a positive note on Wednesday as bargain hunting across select large and mid-cap stocks lifted the benchmark indices.
Market capitalisation increased from ₦155.152 trillion to ₦155.780 trillion, representing a gain of ₦628 billion, while the NGX All-Share Index (ASI) advanced from 241,750.15 points to 242,729.51 points.
Investor sentiment remained broadly positive during the session as the market recorded 48 gainers against 23 losers, reflecting renewed buying interest across multiple counters.
Price Movement
Top Gainers
1. Airtel Africa Plc gained 10.00 percent, (rising from ₦3,021.30 to ₦3,323.40).
2. Chemical and Allied Products Plc advanced 9.99 percent, (from ₦175.65 to ₦193.20).
3. Zichis Agro-Allied Industries Plc appreciated 9.97 percent, (moving from ₦25.08 to ₦27.58).
4. R.T. Briscoe Plc rose 9.95 percent, (from ₦12.87 to ₦14.15).
5. FTN Cocoa Processors Plc climbed 9.92 percent, (increasing from ₦6.65 to ₦7.31).
Top Decliners
1. SUNU Assurances Nigeria Plc declined 10.00 percent, (from ₦4.50 to ₦4.05).
2. Guinness Nigeria Plc fell 9.99 percent, (from ₦447.30 to ₦402.60).
3. Caverton Offshore Support Group Plc dropped 8.33 percent, (from ₦6.00 to ₦5.50).
4. FTG Insurance Plc shed 7.69 percent, (declining from ₦1.17 to ₦1.08).
5. May & Baker Nigeria Plc eased 6.82 percent, (from ₦44.00 to ₦41.00).
Meanwhile, Julius Berger Nigeria Plc, Custodian Investment Plc, John Holt Plc, Presco Plc, and Golden Guinea Breweries Plc, among others, closed flat for the session.
Overall, the session reflected strong bullish sentiment, with broad-based gains outweighing losses as investors continued to position in select equities across the market.
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.
