The Nigerian Exchange Limited (NGX) bounced back with N378 billion in gains on Wednesday after four days of losses.

This is the case as NGX’s market capitalisation rose by 0.5 percent on Wednesday to close at N76.179 trillion, an increase from N75.801 trillion on Tuesday.

In a similar vein, the All-Share Index (ASI) increased by 598.67 points, or 0.5 percent, closing at 120,339.90, compared to 119,741.23 in the previous session.

The gain was propelled by renewed investors’ interest in 62 stocks in the Nigerian Exchange Limited.

Consequently, the market breadth closed positive with 61 gainers and 16 losers.

In a further analysis, on the gainers’ table, C&I Leasing grew by 10 percent, settling at N5.06, while Cutix also increased by 10 percent, finishing at N3.96 per share.

Also, Ellah Lakes stock surged by 10 percent, closing at N9.24, and International Energy Insurance also rose by 10 percent, ending the session at N1.98 per share.

Omatek Ventures gained 10 percent, closing at 88k per share.

On the flip side, Deap Capital dropped by 9.09 percent, settling at N1.00, while John Holt decreased by 5.41 percent, finishing at N7.00 per share.

Dangote Sugar, which witnessed leadership changes with the recent retirement of its chairman, Aliko Dangote, declined by 5.32 percent, ending the session at N44.50, and Universal Insurance fell by 4.76 percent, finishing at 60k per share.

Similarly, Oando shed 4.73 percent, closing at N52.35 per share.

NGX data showed that 1.05 billion shares worth N12.17 billion were exchanged across 21,964 transactions on Wednesday, in contrast with 527.1 million shares worth N11.28 billion that were traded across 21,546 transactions earlier on Tuesday.

Accordingly, transactions in the shares of Royal Exchange topped the activity chart with 218.7 million shares worth N229.11 million. Meanwhile, Ja Paul Gold, Ellah Lakes, Wema Bank, and CHAMS followed.