The Nigerian equities market closed bullish, leading to N364 billion gains for investors on Wednesday. The positive performance was as a result of the strong full-year 2024 financial results from listed firms.

The market capitalisation, which opened at N64.15 trillion, added 364 billion or 0.57 percent to close at N64.52 trillion.

The All-Share Index also gained 0.57 per cent or 591 points, to settle at 104,549.74, against 103,958.75 recorded on Tuesday, as a result, the Year-To-Date (YTD) return rose to 1.58 per cent.

However, market breadth closed negative, with 38 losers and 27 gainers.

On the losers side, McNichols and Caverton led by 10 percent each to close at N1.44 and N2.07 per share, respectively.

While Thomas Wyatt lost 9.80 per cent to close at N1.84, Veritas Kapital shed 9.79 per cent to close at N1.29 and Consolidated Hallmark Plc dropped nine percent to close at N2.73 per share.

On the flip side, Aradel led the gainers’ chart by 10 percent to close at N594, followed by Chellarams Plc by 9.98 percent to close at N5.40 per share, Stanbic IBTC gained 9.92 per cent to close at N71.45, UPL increased by 9.64 per cent to close at N5.12 and Daar Communications advanced by 9.09 per cent to close at 84k per share.

Trading activity remained robust, as the amount of total value of trade on the Exchange went up by 9.99 percent.

Investors traded a total of 421.62 million shares in value of N15 billion across 16,256 deals, compared with 542.23 million shares valued at N13.636 billion exchanged in 15,561 deals posted previously.

Meanwhile, Universal Insurance led the shares activity in volume of 33.6 million, while Aradel Holdings led in value of N6.3 billion.