At the end of the trading day on Wednesday, investors had made N441bn, signalling a significant recovery in the Nigerian stock market.By the end of trading , the All-Share Index had increased by 1.33 per cent to 61,523.57 points, breaking the previous day’s record of 60,715.04 points.
The market value of shares climbed by N441bn (1.33%) to N33.5tn, which is a striking contrast to the trading of the previous day. This was a huge increase above the N33.06tn of the previous session.
In comparison to the N12.21bn moved in the previous session, traders exchanged shares worth N10.31bn. They completed 9,815 deals, whereas 12,194 deals were noted on Tuesday.
The best-performing equities included LEARNAFRICA, GOLDBREW, and CHELLARAM, which experienced increases of 9.97%, 9.95%, and 9.77% respectively.
The top losers were NSLTECH, MBENEFIT, and LASACO. Each of the three stocks lost 10% of its value.
The total shares exchanged amounted to 846.3 million, which was lower than the 1.11 billion shares traded on Tuesday. This indicated a decline in the volume of trading.
FBNH, TRANSCORP, and ACCESSCORP had the three highest trading volumes, with 89.24 million, 89.23 million, and 85.91 million units, respectively.
The top three traded equities by value were FBNH ($1.65 billion), ACCESSCORP ($1.54 billion), and UBA ($749.77 million).
DANGOTE CEMENT, AIRTEL AFRICA, and BUA FOODS all maintained their market values as bellwether stocks.
cc: Punch Ng
