Nigeria’s equities market increased by 0.28 percent on Wednesday, its third consecutive day of rally as investors continued active stock buying ahead of half-year (H1) 2025 earnings releases.

The market has risen this week by 0.83 percent, while this month and year-to-date (YtD) it’s up by 1.68 percent and 18.52 percent respectively.

Japaul Gold, Access Holdings, AIICO, Universal Insurance, and Ellah Lakes were most actively traded stocks as investors in 24,303 deals exchanged 888,703,271 shares worth N15.609billion.

Read also: NGX-ASI crosses 121,000 points as week opens

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The market’s top gainers reached the maximum daily limit of 10 percent. Chams rallied the most, from N2.50 to N2.75, adding 25kobo or 10 percent.

Omatek rose from N1.10 to N1.21, adding 11kobo or 10 percent. Red Star Express, another major advancer increased from N10.10 to N11.11, adding N1.01 or 10percent. RT Briscoe also moved from N3.50 to N3.85, up by 35kobo or 10 percent, while C & I Leasing advanced from N6.60 to N7.26, adding 66kobo or 10percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased from preceding day’s close of 121,653.93 points and N76.758 trillion respectively to 121,989.67 points and N76.970 trillion.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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