…The NASD Securities Index (NSI) appreciated by 1.41% to settle at 4,198.85 points
THUR MAR 26 2026-theGBJournal| Equities staged a strong comeback Wednesday as NGX All-Share Index reversed recent losses, buoyed by renewed buying interest in bellwether stocks including Guaranty Trust Holding Company (+3.20%), MTN Nigeria Communications Plc (+2.41%), and NASCON Allied Industries Plc (+2.10%).
The stocks rally helped drive the All-Share Index higher by 0.1% to 200,925.75 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +4.2% and +29.1%, respectively. Market capitalisation rose by 0.11% to settle at N128.98 trillion.
The rally reflects improved investor sentiment and bargain hunting across key sectors of the market.
The total volume of trades declined by 58.3% to 537.99 million units, valued at N25.39 billion, and exchanged in 45,641 deals.
WEMABANK was the most traded stock by volume at 104.33 million units, while MTNN was the most traded stock by value at N4.23 billion.
On Sectors, the Insurance (+0.8%) and Consumer Goods (+0.4%) indices advanced, while the Banking (-1.0%) and Industrial Goods (-0.1%) indices declined. The Oil & Gas index closed flat.
As measured by market breadth, market sentiment was neutral (1.0x), as 31 tickers gained relative to 31 losers.
LEGENDINT (+10.0%) and PREMPAINTS (+9.9%) led the gainers, while FIDSON (-10.00%) and AUSTINLAZ (-9.9%) recorded the highest losses of the day.
Similarly, the NASD market rebounded from the previous session’s losses, as the NASD Securities Index (NSI) appreciated by 1.41% to settle at 4,198.85 points. Market capitalisation mirrored this performance, rising to ₦2.51trn.
Market activity was significantly stronger, with traded volume and value surging by 135.56% and 2.36%, respectively.
On the performance front, SDOKITIPUPA (+9.09%) led the gainers’ chart, while SDFCWAMCO (-6.96%) topped the decliners for the session.
Meanwhile, the Naira weakened against the US dollar in the foreign exchange market, highlighting ongoing currency pressures despite the equities upswing.
The divergence between the stock market’s recovery and the currency’s decline underscores persistent macroeconomic challenges, including FX liquidity constraints and external demand pressures.
The local currency settled lower by 1.2% to N1,396.00/US$ by close of official trade on Wednesday.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
