WED MAY 06 2026-theGBJournal| The domestic equities market ended the session Wednesday on a strong footing, with the All-Share Index climbing 0.4% to settle at 242,729.52 points.
The upward momentum was driven by notable gains in AIRTELAFRI (+10.0%), DANGSUGAR (+8.4%), and FIRSTHOLDCO (+1.6%), which outweighed declines in MTNN (-4.3%), GUINNESS (-10.0%), and UBA (-2.4%).
As a result, Month-to-Date and Year-to-Date returns improved to +0.2% and an impressive +56.0%, respectively.
Trading activity picked up significantly, with total volume surging 41.1% to 1.41 billion units, valued at N59.43 billion and executed across 85,804 deals. CWG emerged as the most actively traded stock, recording 421.70 million units worth N8.85 billion.
Sectoral performance was broadly positive, as the Insurance (+0.6%), Banking (+0.5%), Consumer Goods (+0.3%), and Industrial Goods (+0.1%) indices all posted gains, while the Oil and Gas index remained unchanged.
Market breadth reflected strong investor sentiment, with gainers outpacing losers by more than two to one (2.1x). AIRTELAFRI and CAP topped the gainers’ chart with 10.0% increases each, while SUNASSUR and GUINNESS led the laggards with 10.0% losses.
Meanwhile, the official foreign exchange rate weakened slightly, with the naira depreciating by 0.5% to close at N1,369.00 per dollar.
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