The appreciation recorded in equity
trading activities on Tuesday extended to Wednesday as major market
indicators recorded positive gains.
The market capitalisation of the listed
equities rose by N34bn or 0.28 per cent to close at N12.007tn on
Wednesday, up from N11.973tn recorded on Tuesday.
Similarly, the NSE’s All-Share Index
gained 0.28 per cent or 107.88 basis points from 37,806.45 recorded on
Tuesday to 37,914.33 points.
The NSE-30 Index closed at 1,776.75
basis points, representing a rise by 0.29 per cent or 5.19 basis points
from 1,771.56 recorded on Tuesday, while the NSE’s Consumer Goods Index
rose by 0.37 per cent or 4.01 basis points to close at 1,071.66 basis
points.
The banking index rose by 0.18 per cent
or 0.75 basis points to close at 405.58 points, up from 404.83 basis
points recorded the previous day.
The banking sub-sector maintained its
lead on the activity chart, as trading in the sub-sector accounted for
43 per cent of total volume traded.
In the sub-sector, investors exchanged 144.925 million shares, valued at N1.344bn in 2,028 transactions.
Volume in the sub-sector was driven by
trading in the shares of Skye Bank Plc, Guaranty Trust Bank Plc, United
Bank for Africa Plc and Zenith Bank Plc.
A total of 32 stocks gained on Monday, while 23 stocks lost.
Stanbic IBTC Holdings Plc led the price gainers’ chart, rising by 9.98 per cent or N1.71 to close at N18.84 per share.
Red Star Express Plc followed on the chart with a gain of 44 kobo to close at N4.89 per share.
Cutix Plc gained 9.84 per cent or 18
kobo to close at N2.01 per share, while Fidson Healthcare Plc and IPWA
Plc gained 9.80 and 8.06 to close at N2.24 and N1.34 per share in that
order.
On the other hand, Vono Products Plc led
the price losers, shedding 9.52 per cent or 12 kobo to close at N1.14
per share; while Courteville Business Solutions Plc lost 9.33 per cent
or seven kobo to close at 68 kobo per share.
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