NSE remains upbeat as investors fortune grows by ₦130 billion
Investors remain largely positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation up by ₦130 billion.
The equities capitalisation increased by 1.03% to close at ₦12.743 trillion, coming from ₦12.613 trillion recorded on Tuesday.
The All-Share Index (ASI) increased by 1.03% to close at 24,452.23 against 24,202.87 achieved on Tuesday.
The rally was impacted by gains recorded in large cap stocks, among which were; Dangote Cement, Zenith Bank, BUA Cement, Guaranty Trust Bank and Stanbic IBTC Holdings.
Consequently, market breadth remained positive, with 37 gainers against five losers.
Red Star Express recorded the highest price in percentage terms, gaining 10%, to close at ₦3.41 per share.
Jaiz Bank followed with 9.09% to close at 60k, while LASACO Assurance rose by 8.70% to close at 25k per share.
Wapic Insurance rose by 6.90% to close at 31k, while Transcorp appreciated by 5.48% to close at 77k, per share.
Equally, Unity Bank led the losers’ chart in percentage terms, declining by 3.85 % to close at 50k per share.
Union Diagnostics followed with a loss of 3.23% to close at 30k, while Lafarge Africa lost 2.65 % to close at ₦11 per share.
Wema Bank dipped 1.72% to close at 57k, while Access Bank shed 0.76% to close at ₦6.55, per share.
Similarly, the total volume of shares transacted increased by 28.57 % as investors bought and sold 436.84 million shares valued ₦5.41 billion exchanged in 5,195 deals.
This was in contrast with a turnover of 339.76 million shares worth ₦3.92 billion traded in 4,784 deals on Tuesday.
Transactions in the shares of Zenith Bank topped the activity chart with 75.07 million shares valued at ₦1.22 billion.
Access Bank trailed with 50.76 million shares worth ₦329.23 million, while Guinness sold 34.21 million shares valued at ₦581.91 million.
United Bank of Africa traded 31.47 million shares worth ₦206.31 million, while Guaranty Trust Bank transacted 31.08 million shares worth ₦740.92 million.
Stock market investors record 14.24% year to date loss
NSE remains upbeat as investors fortune grows by ₦130 billion
