After two consecutive days of decline, investors on the Nigeria equity market, on Wednesday, gained N129 billion, following price appreciation on MTN Nigeria stocks and other 18.
Performance in the domestic equities market closed positive recording 19 gainers against 14 losers as the NSE All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) advanced by 1.09 per cent to 22,789.64 points, supported by buying interest in MTN Nigeria which advanced by ten per cent.
Similarly, the overall Market Capitalisation size gained N128.50 billion, representing a surge of 1.09 per cent to close at N11.88 trillion. Thus, the Month-to-Date and Year-to-Date losses moderated to -13.1 per cent and -15.1 per cent, respectively.
ALSO READ:Â Lagos explosion: Falana writes chief coroner, demands inquest
The total volume of trades, however, decreased by 0.7 per cent to 671.52 million units, valued at N10.58 billion and exchanged in 7,247 deals with Guaranty Trust bank taking the position of the most traded stock by volume and value at 177.75 million units and N3.52 billion, respectively.
Zenith Bank followed having traded 147.01 million shares worth N1.98 billion, while Access Bank exchanged 87.96 million shares worth N565.76 million
The sectoral performance was mixed following gains in the Banking (+2.1%) and Oil and Gas (+0.8%) indices and losses in the Consumer Goods (-1.5%), Industrial Goods (-1.0%) and Insurance (-0.8%) indices.
On the performance chart, MTN Nigeria and Lasaco Insurance led the gainers’ board with ten per cent appreciation in their stock value, while Sterling Bank and Chams led the losers’ chart with ten per cent loss in each of their shares.
and then