The Nigerian equities market recovered from the recent bearish sentiment on Wednesday, February 19, 2025, as investors gained ₦504 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a surge in the share prices of stocks like BUAFOODS, RTBRISCOE, and ETERNA amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to ₦67.684 trillion from ₦67.179 trillion which the bourse recorded on Tuesday, February 18, 2025.
The benchmark All-Share Index (ASI) increased to 108,609.51 points from 107,670.98 points which were recorded the previous trading day.
The market breadth was negative as 25 stocks advanced and 27 stocks declined, while 69 stocks remained unchanged at 12,970 deals.
BUAFOODS, RTBRISCOE, ETERNA led other gainers with 9.91%, 6.91% and 6.25% growth each in prices to close at N410.50, N2.63 and N42.50 from the previous N373.50, N2.46 and N40.00 per share.
UPL, INTENEGINS, and UNIONDICON led other price decliners with 9.80%, 9.80%, and 9.52% decline each in share prices to close at N4.60, N2.21 and N6.65 from the previous N5.10, N2.45 and N7.35 per share.
On the volume index, ACCESSCORP led trading with 65 million shares in 1,417 deals followed by FIDELITY BANK which traded 50 million shares in 497 deals.
ZENITHBANK traded 22 million shares in 619 deals.
On the value index, ACCESSCORP topped as the security traded stock worth N1.8 billion in 1,417 deals followed by ZENITHBANK which traded equities worth N1.1 billion in 619 deals.
FIDELITY BANK traded shares valued at N962 million in 497 deals.
By: Babajide Okeowo