Seplat, NEM Insurance, Beta Glass, Linkage Assurance, and 34 other stocks propelled Nigerian Exchange Limited to a N1.184 trillion gain on Wednesday after two days of losses.

This comes as market capitalisation rose by 1.63 percent to close at N73.681 trillion, up from N72.497 trillion recorded on Tuesday.

Also, the All-Share Index (ASI) rose by 1,876.71 points, or 1.63 percent, settling at 116,786.87 from its previous close of 114,910.16.

The gain was fueled by strong buying interest in medium- and large-capitalised stocks, including Seplat, NEM Insurance, Beta Glass, Linkage Assurance, and 34 other stocks.

Consequently, the market breadth closed positive, with 38 gainers and 32 losers.

In a more detailed analysis, the NEM Insurance led the advancers’ chart, increasing by 10 percent, settling at N16.50, while Beta Glass rose by 9.99 percent, finishing at N250.95 per share.

Also, Seplat Energy gained by 9.79 percent, closing at N5,450, and Thomas Wyatt Nigeria grew by 9.73 percent, ending the session at N2.03 per share. Similarly, Linkage Assurance soared by 9.56 percent, closing at N1.49 per share.

Conversely, FG132026S1 dropped by 17.70 percent, ending the session at N80, while Eterna fell by 10 percent, closing at N38.70 per share.

Secure Electronic Technology lost 9.68 percent, settling at 56k, and Legend Internet declined by 9.66 percent, finishing at N6.55 per share.

Also, FTN Cocoa Processors shed by 6.07 percent, closing at N2.63 per share.

In another level of analysis, total turnover stood at 640.08 million shares valued at N26.01 billion, traded across 19,727 deals.

This is compared to 787.31 million shares valued at N25.67 billion, traded across 23,170 transactions.

Transactions in the shares of Zenith Bank topped the activity chart with 149.92 million worth N7.21 billion.

Access Corporation followed with 48.64 million shares valued at N1.01 billion, while United Bank for Africa traded 42.99 million shares worth N1.46 billion.

Nigerian Breweries transacted 37.72 million shares valued at N2.19, while Fidelity Bank sold 30.84 million shares worth N568.54 million.

DAILY POST reports that the NGX recorded losses on Monday and Tuesday.