Trading activity at midweek concluded on a positive note, marking three consecutive days of bullish rally on the Nigerian Equities market.
The market capitalization of listed equities witnessed a parallel upswing of N226.83 billion, reaching N56.31 trillion.
The benchmark index experienced an upward trajectory of 40bps to close the session at 99,591.64 points, with a year-to-date return of 33.19 percent.
The top five advancers for the day included Transcorp Power Plc, Transnational Corporation Plc, FBN Holdings Plc, AFRIPRUD, and C& I Leasing Plc, with their share prices rising by +9.99 percent, +9.96 percent, +9.95 percent, +9.49 percent, and +9.48 percent, respectively.
Despite the positive movement in the ASI, trading on the NGX experienced a lacklustre trend, evident in the higher number of losers (30) compared to gainers (18).
The total deals and value dropped by 14.92 percent and 38.63 percent to 9,338 trades and N19.51 billion, respectively.
However, the total traded volume experienced an uptick of 4.61% to 416.48 million units.
Furthermore, IKEJAHOTEL, TANTALIZER, NASCON, ETI, and LIVESTOCK experienced adverse share price movements of -10.00 percent, -10.00 percent, -9.97 percent, -9.96 percent, and -9.82 percent, respectively.
Performance across the sub-indices showcased sluggish activity, with the Insurance and Consumer Goods sectors posting losses of 0.15 percent and 0.83 percent, respectively, buoyed by sell pressure in NASCON, Dangote Sugar Refinery Plc, Honeywell Flour Mills Plc, Universal Insurance Plc, Linkage Assurance Plc, and Veritas Kapital Plc.
The Banking sector emerged as the sole gainer with a 0.24 percent increase driven by buy interest in Fidelity Bank Plc and Sterling Bank Plc.
The Oil/Gas and Industrial Goods indices held steady from the previous session. TRANSCORP took the spotlight as the most traded security in terms of volume with 67.34 million units transacted in 349 deals, while TRANSPOWER led in traded value at N11.78 billion.
