The markets indicators at the Nigeria Stock Exchange (NSE) sustained a bullish trend on Wednesday with some major equities recording gains during the day’s trading. The markets closed on a positive note, for a second consecutive day, as the shares of Seplat Petroleum Development Company leading the gainers table with N17.30 to close at N390 per share.
Nigerian Breweries followed with a gain of N2 to close at N146, while International Breweries increased by N1.02 to close at N22 per share. Dangote Cement grew by 99k to close at N163 and Conoil added 75k to close at N34 per share.
Consequently, the All-Share Index which opened at 28,093.30 added 193.13 points or 0.69 per cent to close at 28,286.43.
The market capitalisation rose by N66 billion or 0.68 per cent to close at N9.778 trillion over the gains N9.712 achieved on Tuesday.
On the other hand, Forte Oil recorded the highest loss for the day, shedding N2.29 to close at N45.60 per share. Similarly, Stanbic IBTC trailed with a loss of 99k to close at N25.01 and Oando was down by 45k to close at N8.55 per share.
In the same vein, Cadbury lost 22k to close at N9.90, while UACN declined by 19k to close at N14.33 per share.
Zenith Bank was the most traded with a turnover of 94.79 million shares valued at N1.70 billion. Jaiz Bank accounted for 35.08 million shares worth N34.37 million and FBN Holdings sold 34.35 million valued at N143.65 million. While, Diamond Bank traded 16.61 million shares worth N14.65 million, while Fidelity Bank exchanged 15.15 million shares valued at N14.39 million.
Overall, the volume of shares traded increased by 46.35 per cent as investors bought and sold 311.28 million shares worth N9.78 billion in 4,194 deals.
This was in contrast with 212.69 million shares valued at N2.18 billion transacted in 3,908 deals on Tuesday.
