Trading on the floor of the Nigerian Exchange (NGX) closed positively on Wednesday with investors gaining N154 billion following bulls dislodgment of bears in the control of the Nigerian bourse.
On Tuesday, with bears holding grip on the bourse, investors lost N134 billion at the end the day’s trading session
However, at the close of the trading session on Wednesday, the bulls buoyed the All Share Index (ASI) by 0.55% to close at 51,729.87 points compared to the 51,446.6 points recorded the preceding day and the market capitalization increased to N28.175 trillion
Also, the market breadth closed positive as THOMASWY led 26 gainers, with 12 losers topped by CHELLARAM.
A further assessment of the equities market performance showed that the total volume of stocks traded on Wednesday stood at 281.9 million with a value of N8.1 billion in 3,679 deals.The NGX top five ASI gainers were THOMASWY up + 9.48% to close at N1.27; CHAMPION up + 9.45% to close at N4.75; FTNCOCOA up + 7.69% to close at N0.28; MBENEFIT up + 6.67% to close at N0.32; and COURTVILLE up + 6.52% to close at N0.49
On the flip side, the top ASI losers comprised CHELLARAM down – 9.89% to close at N1.64; ROYALEX down – 7.41% to close at N1.00; WAPIC down – 6.67% to close at N0.42; MANSARDT down – 6.54% to close at N2.00; and RTBRISCOE down – 3.57% to close at N0.27
Similarly, the data further reflected that the top 3 traded stocks by volume comprised FBNH – 108,925,382; BUACEMENT– 42,392,752; and GTCO – 33,984,613 while the top 3 traded stocks by value were BUACEMENT – N4,073,210,056; FBNH– N1,220,581,344; and GTCO – N810,043,984.
