Stock Market Gains N189.876bn
The Nigerian Stock Exchange (NSE) was bullish, taking up the All-Share Index (ASI) by 0.98 percent at the trading session on Wednesday.
The ASI and market capitalisation gained 0.98 percent to close at 39,085.78 basis point and N20.449 trillion from 38,722.87 basis point and N20.259 trillion respectively it opened trading with.
In effect, the ASI and market capitalisation appreciated by 362.91 index point and N189.876 billion respectively.
The market turnover increased by 30.54 percent, as investors bought and sold 361.903 million shares valued at N5.701 billion in 4,018 deals as against 277.235 million shares worth N3.053 billion in 4,299 deals traded the previous day.
The market breadth was positive, with 20 advanced equities and 16 laggard stocks.
Stanbic IBTC Bank led the gainers’ chart in terms of percentage, gaining 9.99 percent to close at N49. 45 Kobo per share.
NPF Micro Finance Bank appreciated by 9.60 percent to close at N1.94 Kobo per share, while Cornerstone Insurance Plc rose by 8.93 percent to close at N0. 61 Kobo per share.
Guinness Nigeria and Oando Plc jumped by 8.76 and 8.68 percent to close at N27. 3 Kobo and N3. 38 per share respectively.
On the other hand, MRS Oil Nigeria Plc dominated the losers’ chart in percentage terms, when it fell by 9.70 percent to close at N12. 1 Kobo per share.
Coronation Insurance Plc lost 9.09 percent to close at N0. 5 Kobo per share, while Lafarge Africa declined by 7.11 percent to close at N20. 9 Kobo per share.
Also, Africa Prudential Plc and Livestock Feeds shed 5 45 and 4.74 percent to close at N5 .2 Kobo and N1. 81 Kobo per share.
Union Bank of Nigeria Plc was the most active stock at 79.345 million shares valued at N420.532 million, while Guaranty Trust Bank Plc was the most valuable equity at N2.259 billion.