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Market capitalisation increased by N308 billion to N165.415 trillion.
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The All-Share Index advanced by 473.46 points to close at 254,762.81.
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Market breadth turned positive, with 27 gainers against 23 decliners, as Transcorp Power led the gainers with a 9.97 percent increase.
November 04, (THEWILL) – The Nigerian Exchange Limited (NGX) extended its recovery on Wednesday, as market capitalisation increased by N308 billion from N165.107 trillion at the opening to N165.415 trillion at the close of trading.
The All-Share Index (ASI) also advanced by 473.46 points, representing a 0.19 percent increase from 254,289.35 to 254,762.81 points.
The performance followed Tuesday’s marginal recovery, when market capitalisation gained N28 billion and the benchmark index rose by 0.02 percent.
Market breadth improved during the session, with 27 equities appreciating in price against 23 decliners.
The positive balance marked a shift from the previous session, when 20 stocks gained while 32 recorded losses, indicating a modest improvement in buying interest across the Exchange.
Top Gainers
- Transcorp Power advanced by 9.97 percent (N184.60 to N203.00).
- Caverton Offshore Support Group gained 9.84 percent (N3.05 to N3.35).
- eTranzact International rose by 9.68 percent (N15.50 to N17.00).
- Honeywell Flour Mills gained 7.36 percent (N3.26 to N3.50).
- International Energy Insurance appreciated by 7.27 percent (N1.65 to N1.77).
Top Decliners
- Eterna fell by 9.94 percent (N42.75 to N38.50).
- Sovereign Trust Insurance declined by 9.91 percent (N2.12 to N1.91).
- Learning Africa shed 9.84 percent (N9.15 to N8.25).
- Cornerstone Insurance lost 9.30 percent (N4.30 to N3.90).
- Mutual Benefits Assurance declined by 6.85 percent (N2.92 to N2.72).
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Several equities closed unchanged during the session, including MTN Nigeria Communications, Dangote Cement, Seplat Energy, Presco Plc, Custodian Investment Plc and UAC of Nigeria Plc, among others.
The session’s performance reflected a strengthening of the market’s recent recovery, with both market capitalisation and the ASI recording higher values.
The improvement in market breadth also suggested that the gains were supported by a wider group of advancing equities, unlike the previous sessions when decliners outnumbered gainers.
The unchanged positions of several major equities, including MTN Nigeria Communications, Dangote Cement and Seplat Energy, indicated that trading activity remained mixed despite the overall positive market performance.
Wednesday’s advance brought another session of gains for the benchmark index, while the improvement in market breadth offered a more encouraging signal about participation across listed stocks.
However, the continued declines in selected equities suggested that investor sentiment remained uneven.
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.
