Oando and Legend Internet were among the standout performers on Wednesday as renewed buy interest drove Nigeria’s equities market to ₦224 billion gain.
Their strong rally helped lift the NGX All-Share Index by 0.32%, with dividend-driven sentiment keeping investors engaged despite a quiet news cycle.
Fresh Gains For Equity Holders
On Wednesday, investors on the Nigerian Exchange (NGX) secured a ₦224 billion profit as fresh buy interest surged through the market.
Driving this momentum, key stocks like Oando, UH Real Estate Investment Trust, Legend Internet, and Lasaco pushed the market into positive territory.
Market Performance Update
Consequently, the NGX All-Share Index rose by 0.32%, increasing the year-to-date return to a solid 9.58%.
Simultaneously, market capitalisation grew from ₦70.894 trillion to ₦71.118 trillion, while the ASI climbed from 112,427.48 to 112,781.73 points.
Oando Leads The Rally
Oando topped the gainers’ chart as its share price jumped 10% from ₦47 to ₦51.70, gaining ₦4.70.
Read Also: Oando Backs NNPC’s Project Gazelle With $550 Million Crude Deal
The energy company’s performance played a key role in lifting market sentiment.
Legend Internet Posts Solid Gains
Legend Internet followed closely with a 7.27% rise, climbing from ₦5.50 to ₦5.90.
The tech firm’s advance added momentum to the overall market upswing.
Top Gainers Drive Momentum
UH Real Estate Investment Trust advanced from ₦45.70 to ₦50.25, adding ₦4.55 or 9.96%.
Meanwhile, Lasaco gained 6.67% to close at ₦3.20, continuing its recent upward trend.
Active Trading Session
Throughout the session, investors actively traded across the board.
They executed 13,682 deals involving over 611 million shares worth ₦16.68 billion.
Among the most traded stocks, Fidelity Bank, GTCO, Royal Exchange, UBA, and Access Holdings attracted significant attention.
Investor Sentiment Steady
Analysts at Vetiva observed, “Without any major headlines to shake things up, dividend-driven flows continue to sustain investor sentiment.”
As a result, the market maintained its upward trajectory.
