After four consecutive days of bearish trading, the Nigerian Exchange Limited experienced a bullish upturn on Wednesday, resulting in investors gaining N41 billion.

Both the market capitalization and All-Share Index saw a 0.12 percent rise, closing at N34.973 trillion and 64,267.36, respectively.

However, the number of deals, trading volume, and their value on the NGX declined by 21.22 percent, 56.60 percent, and 44.62 percent, respectively, compared to the previous day’s figures.

Year-to-date returns stood at 25.28 percent.

The positive market sentiment led to 31 stocks on the gainers’ table, including AbbeyBDS, Chams, and NASCON, which saw their share prices appreciate by 10 percent.

Conversely, Thomas Wyatt and TIP were among the losers, losing 10 percent of their market value.

Despite some listed companies reporting poor half-year performance, market experts remain optimistic about the equity market, anticipating further growth, especially in small-cap and penny stocks, amid inflationary economic conditions.