
The Nigerian Exchange Limited’s positive trend was maintained on Wednesday, when investors made N241 billion in gains.
This coincides with the NGX market capitalisation closing at N56.882 trillion from its opening value of N56.641 trillion.
In addition, the All-Share Index had a 0.42 percent increase, closing at 98,987.42 points on Wednesday as opposed to the Tuesday closing of 98,568.59 points.
As a result, the return for the year to date rose by 32.38 percent.
On the Exchange floor, there were 31 winners and 24 losers as the market breadth closed in the green.
Subsequent investigation revealed that Flour Mill and Seplat led by 10% each on the gainers’ chart, closing at N60.50 and N4,103.10 per share, respectively.
EllahLakes closed at N4.08 with a 9.97 percent gain, Honeywell Flour at N5.01 with a 9.87 percent gain, and ABC Transport at N1.26 a share with a 9.57 percent gain.
Conversely, Caverton trailed by 9.86 percent to conclude at N3.29 per share, while Multiverse lead the losers’ chart with 9.90 percent to close at N9.10.
FBN Holdings fell 6.45 percent to close at N29, Axa Mansard fell 6 percent to close at N5.50, and Fidelity Bank fell 6.40 percent to settle at N15.35 a share.
Trade turnover settled higher than it had in the previous session, according to an analysis of market activity, with a 6.75 percent increase in transaction value.
In comparison to the 763 million shares valued at N11.78 billion moved in 12,081 deals previously recorded, a total of 603.31 million shares valued at N12.58 billion were swapped in 9,723 trades.
With 121.73 million traded shares, Fidelity Bank topped in volume on the activity chart, while FBN Holding led in value with trades totalling N3.46 billion.
Recall that stock investors made N104 billion at the close of business on Tuesday due to increases in the prices of Infrastructure Debt Fund, First Bank of Nigeria Holdings, Ellah Lakes, and other companies.