The Nigerian equities market rebounded on Wednesday, with investors gaining N684 billion as trading closed on a positive note.

Market capitalization rose from an opening value of N121.552 trillion to N122.236 trillion, reflecting a N684 billion increase by the end of the session.

In the same vein, the All-Share Index (ASI) advanced by 1,065.02 points, or 0.56 percent, to settle at 190,427.96, compared to 189,362.94 recorded on Tuesday.

As a result, the Year-to-Date (YTD) return improved to 22.37 percent.

Despite the overall bullish performance, market breadth closed in the negative territory, with 42 stocks declining against 34 gainers.

The upward movement was driven by renewed buying interest in equities such as Beta Glass, Mansard, Skyway Aviation Handling Company, Zichis Agro Allied Industries, and Japaul Gold, among others.

On the losers’ chart, Deap Capital Management topped the list with a 10 percent decline to close at N6.30 per share. It was followed by Mecure, Union Dicon Salt, and Abbey Mortgage Bank.

Conversely, Beta Glass, Skyway Aviation Handling Company, and Mansard led the gainers’ table, appreciating by 10 percent each to close at N498.50, N128.70, and N17.05 per share, respectively.

Further analysis of trading activities indicated a 206 percent surge in volume, a three percent rise in value, and a 21 percent drop in the number of deals executed.

A total of 3.7 billion shares valued at N61.9 billion were exchanged in 68,693 transactions, compared to 1.9 billion shares worth N60.2 billion traded in 86,607 deals in the previous session.

FCMB emerged as the most actively traded stock by volume and value, with 2.94 billion shares worth N35.88 billion exchanged, accounting for 80.17 percent and 57.98 percent of the total volume and value traded for the day, respectively.

Recall that NGX recorded a loss on Tuesday.