Trading activities at the Nigerian Stock Exchange (NSE) maintain previous day stance as the total volume of volume and value of stocks traded advanced by 58.05 per cent and 42.74 per cent to 414.26 million units and N6.2 billion and exchanged in 3,793 deals.
At the domestic equities market on Wednesday, the performance also sustained positive return as the All Share Index (ASI) further rose by 0.5 per cent to 25,783.02 points. Thus, the Month-to-Date gain increased to 1.8 per cent while the Year-to-Date loss moderated to -4.0 per cent.
At the end of the day trading, the Exchange recorded 21 gainers as against 14 losers as investors reacted positively to the benchmark rate (MPR) cut to 11.50 per cent with tickers in the real sector closing higher.
Hence, share prices of high caps as Seplat, MTN Nigeria, WAPCO and Flour mills of Nigeria appreciated by 3.90 per cent, 0.73 per cent, 1.54 per cent and 1.78 per cent respectively.
The sectoral performance was positive, following gains in the major indices. The Oil & Gas index led the gains by two per cent, followed by the Consumer Goods, Insurance, Banking and Industrial Goods indices.
Sterling Bank was the toast of investors as it was the most traded stock by volume at 85.20 million units, while MTN Nigeria was the most traded stock by value at N3.13 billion.
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