The Nigerian Exchange (NGX) bounced back impressively on Wednesday, with investors gaining N505 billion as the All-Share Index rose 0.87% to close at 108,609.51 points.

This positive performance effectively reversed Tuesday's losses and pushed the market capitalization up to N67.8 trillion.

BUA Foods emerged as the day's top performer, surging 9.91% to N410.50 per share. Other notable gainers included RT Briscoe (+6.91% to N2.63), Eterna (+6.25% to N42.50), and Sunu Assurances Nigeria (+6.13% to N6.92).

However, some counters faced selling pressure, with University Press and International Energy Insurance both declining 9.8% to close at N4.60 and N2.21 respectively. Union Dicon Salt fell 9.52% to N6.65, while McNichols dropped 8.57% to N1.60.

Trading activity moderated compared to the previous session, with 343.7 million shares worth N8.63 billion changing hands across 12,970 deals – representing decreases of 16% in volume, 23% in value, and 8% in transaction count.

Access Holdings led market activity with 65.1 million shares traded, followed by Fidelity Bank (50.7 million), Zenith Bank (22.1 million), and Sterling Bank (13.2 million).

Sector performance showed mixed results, with Consumer Goods leading gains (+4.16%), followed by the Main Board Index (+1.47%) and Insurance (+0.29%). The Oil and Gas Index remained under pressure, having lost 3.82% over the past week and 4.58% year-to-date.

Wednesday's rebound comes after Tuesday's session saw investors lose N166 billion following Nigeria's January 2025 headline inflation reading of 24.48% after rebasing.