Trading at the Nigerian Exchange (NGX) closed positive on Wednesday amidst buy-interests and sell-offs as bulls dominated the session, thereby driving up the broad market’s value
At the end of the day’s trading session, the equities market’s All Share Index (ASI) appreciated by 0.90% to close at 53,603.8 points while the market capitalization grew by N261 billion to close at N29.201 trillion.
The market’s data showed that the appreciation in the ASI pushed the market’s Year-to-Date (YtD) returns up by 3.89%, thereby making the market to advance by 2,008.14 basis points since the commencement of trading sessions in the bourse on January 4 this year.
Also, the data indicated that market breadth closed positive as OANDO led the 22 gainers’ table, just as MAYBAKER topped the 14 losers table at the end of the trading session.
According to the (NGX), the volume of stocks traded on Wednesday stood at 236 million with a value of N3.25 billion in 3,906 deals.
The market indices showed that the five top ASI gainers were OANDO up + 9.84% to close at N4.91; CAVERTON up + 8.08% to close at N1.07; IKEJAHOTEL up + 7.77% to close at N1.11; TRANSCORP up + 7.14% to close at N1.50; and DANGCEM up + 5.07% to close at N290.00
The top five ASI losers were MAYBAKER down – 8.70% to close at N4.20; CHIPLC down – 8.06% to close at N0.57; RTBRISCOE down – 7.69% to close at N0.24; FTNCOCOA down – 7.14% to close at N0.26; and CAP down – 5.79% to close at N17.90
The trading also reflected that the top 3 traded stocks by volume were TRANSCORP –91,391,427; ZENITH – 27,086,843; and GTCO –22,071,956 while those that topped the value table comprised ZENITHBANK – N696,205,774; GTCO – N551,453,031; and MTNN – N549,662,031
