On Wednesday, trading on the Nigerian Exchange Ltd.’s stocks market concluded positive, continuing a four-day bullish trend.
The All-Share Index (ASI) rose 0.34 percent to 47.367.31 points on Wednesday, up from 47.205.03 points on Tuesday.
Similarly, the market capitalisation grew by N88 billion to N25.536 trillion on Wednesday, up from N25.448 trillion on Tuesday.
Market breadth was favorable at the closing, with 30 stocks in the gainers’ column and 16 in the laggards’ column.
Meyer closed at N1.49 per share, leading the gainers’ chart by 9.56 percent in percentage terms.
Ikeja Hotel was next, rising 9.24 percent to N1.30 per share, while Caverton was up 6.78 percent to N1.26 per share.
Union Bank of Nigeria also increased by 6.56 percent to N6.50 per share, while FTN Cocoa increased by 6.45 percent to 33k a share.
Sunu Assurances, on the other hand, led the losers’ chart in percentage terms, closing at 36k per share.
Sterling Bank was next, closing at N1.41 per share, up 6%.
Unilever fell 4.51 percent to N12.70 per share.
WAPIC down 4.44 percent to N43.30 a share, while UCAP fell 3.97 percent to N13.30 per share.
In addition, the overall volume traded rose to 391.89 million units from 245.42 million the day before.
In addition, the overall amount of commerce was N9.95 billion, with 5,419 transactions.
With 65.89 million shares valued at N1.62 billion, transactions in Guaranty Trust Holding Company (GTCO) shares topped the volume list.
Zenith Bank came in second with 43.91 million shares valued at N1.1 billion, followed by United Bank for Africa (UBA) with 28.92 million shares for N235.71 million.
Fidelity Bank bought and sold 28.5 million shares worth N106.48 million, while MTN Nigeria bought and sold 2.75 million shares worth N4.83 million.