Domestic equity gains N184bn
Transactions on the floor of Nigerian Exchange on Wednesday remained bullish, appreciating by N184 billion as gains in the shares of Aradel, Conoil, Nigerian Breweries, Oando, Wapco lifted market value.
Market capitalization of listed equities appreciated by 0.31 per cent the N59.715 trillion from N59.531 trillion it closed on Tuesday.
The NGX All Share Index also increased by 302.71 basis points to 98509.68 points from 98206.97 points reported the previous day.
The good performance recorded during the day was a result increase in the number of companies closed positive direction
As a result, year to date return went up to 31.64 per cent as 34 firms closed in green against 17 companies took negative direction
Trading result during the day showed Afriprudential, Conoil Plc and RTBriscoe led gainers table with N10 per cent, to close at N14.30, N352.00 and N2.42 per unit respectively.
Gold Breweries followed with a gain of 9.95 per cent to close at N7.18 per share, NEM Insurance added 9.74 per cent to close at N10.70 per unit.
On the contrary,
Julius Berger topped losers’ chart, declining by 10 per cent to close at N155.25 per unit, NSLTECH trailed with a loss of 9.52 per cent to close at N0.58 per share, Multiverse down by 7.63 per cent to close at N5.45 per unit, HMCall fell by 6.07 per cent to close at N4.95 per unit, Honey Well Flour dipped by 5.62 per cent to close at N4.70 per share.
Volume of trades declined by 619.308 basis points, representing a drop of 65.925 per cent as investors traded 320.101 million shares valued at N6.477 billion in 7943 deals against 939.409 million shares worth N12.813 million exchanged hands the previous day in 9098 deals.
Etranzact was the roast of investors during the day, exchanging 70.265 million shares valued at N474.215 million, Universal insurance followed with account of 23.786 million shares cost N8.950 million, Zenith Bank traded 21.217 million shares valued at N933.537 million, FBNHoldings exchanged 18.603 million shares cost N491.204 million, United Bank for Africa traded 139.480 million shares worth N465.830 million.
