The Nigerian Exchange rebounded on Wednesday, recovering from the previous day’s loss as the All-Share Index rose by 0.87% to close at 108,609.51 points.

This surge added N505 billion to the market, bringing the total capitalisation to N67.8 trillion.

The market rally was fueled by gains in BUA Foods, RT Briscoe, and Eterna. BUA Foods led with a 9.91% surge to N410.50 per share, followed by RT Briscoe, which rose 6.91% to N2.63. Eterna gained 6.25% to N42.50, while Sunu Assurances Nigeria increased by 6.13% to N6.92 per share.

Despite the market’s rebound, some stocks declined. University Press and International Energy Insurance led the losers with a 9.8% drop each, closing at N4.60 and N2.21 per share, respectively. Union Dicon Salt fell 9.52% to N6.65, while McNichols lost 8.57% to close at N1.60 per share.

Trading activity slowed compared to the previous session, with 343.7 million shares worth N8.63 billion exchanged in 12,970 deals.

This marked a 16% drop in volume, a 23% decline in turnover, and an 8% reduction in deals.

Access Holdings led trading activity with 65.1 million shares, followed by Fidelity Bank with 50.7 million. Zenith Bank recorded 22.1 million shares, while Sterling Bank saw 13.2 million shares traded.

Sectoral performance was mixed. The NGX Consumer Goods Index led with a 4.16% gain, followed by the NGX Main Board Index (+1.47%) and the NGX Insurance Index (+0.29%). Meanwhile, the NGX Oil and Gas Index stayed negative, down 3.82% for the week and 4.58% year-to-date.