Nigeria’s stock market gained about N779billion on Wednesday after rising by 1.17percent, its highest daily gain since the beginning of this month.

The record gain was driven majorly by stocks like Transcorp Hotels, VFD Group, Eterna, Ikeja Hotel and Honeywell Flour Mills.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased from preceding trading day’s lows of 106,574.98 points and N66.495 trillion respectively to 107,822.53 points and N67.274 trillion.

VFD Group share price moved from N48 to N52.80, adding N4.80 or 10 percent. Ikeja Hotel rose from N13.50 to N14.85, adding N1.35 or 10percent.

Related News

Read also: Eterna, Ikeja Hotel, Honeywell, others push NGX up by 0.68%

Honeywell Flour Mills increased from N11.51 to N12.66, up by N1.15 or 9.99 percent. Transcorp Hotels rose from N114.65 to N126.10, adding N11.45 or 9.99 percent, while Eterna share price increased from preceding day’s low of N44.30 to N48.70, adding N4.40 or 9.93 percent.

In 15,629 deals, investors exchanged 462,144,552 shares worth N10.233billion. Stocks like Ellah Lakes, Sterling Financial Holdings Company, Zenith Bank, Access Holdings and AIICO Insurance were actively traded.

The market’s year-to-date (YtD) return also increased to 4.76 percent. The market has risen this week by 1.78 percent and this month by 3.18 percent.

More from our Markets Column
Read Next
Dangote Cement, other major advancers drive N842bn gain on NGX

Dangote Cement, other major advancers drive N842bn gain on NGX

By Iheanyi Nwachukwu • February 13, 2025

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. 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). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp