AGS NEWS – The Nigerian stock market experienced a positive turnaround on Wednesday, adding N97 billion to investors’ portfolios.

The market capitalisation of listed equities rose from N55.033 trillion to N55.130 trillion, a 0.18 per cent increase.

The All-Share Index also climbed by 0.18 per cent, gaining 171 points to reach 97,098.98, up from 96,928.52 on Tuesday. This growth boosted the Year-To-Date return to 29.86 per cent.

Market breadth was positive, with 27 gainers and 22 losers. Redstarex led the gainers, increasing by 10 per cent to close at N4.18.

Oando followed with a 9.98 per cent rise, closing at N33.60 per share. RT Briscoe and United Capital both gained 9.90 per cent, closing at N1.11 and N16.10 per share, respectively. Industrial and Medical Gases added 9.87 per cent, closing at N17.25 per share.

On the losing side, Neimeth fell by 7.69 per cent to close at N1.80. Honeywell Flour dropped by 6.10 per cent to N3.85 per share.

ALSO READ: Stock market loses N39 billion

Sovereign Trust Insurance decreased by 5.56 per cent to 51k, Deap Capital Management and Trust Plc declined by 4 per cent to 48k, and Ecobank Transnational Incorporated shed 3.72 per cent to close at N20.70 per share.

Market activity analysis showed a significant increase in trade turnover, with transaction value up by 89.59 per cent.

A total of 636.50 million shares worth N12.77 billion were exchanged in 9,744 deals, compared to the previous session’s 449.21 million shares valued at N6.74 billion in 9,381 deals.

Access Corporation emerged as the most traded stock by volume, with 112.62 million shares worth N2.11 billion. Guaranty Trust Holding Company (GTCO) led in value, with 74.34 million shares valued at N3.34 billion.