Trading activities on the Nigerian equities market ended with gains on Wednesday as the market rebounded from two days of consecutive losses.
The market capitalisation rose by N346 billion to close the day at N28,352 trillion compared with N28,006 trillion on Tuesday.
Similarly, the all share index appreciated by 1.24 per cent or 641.77 points to close trading at 52,591.41 as against 51,949.64 recorded on Tuesday.
At the end of the midweek trading, a total of 382.45 million shares valued at N4.23 billion were traded in 5,922 deals.
Th market sentiment however remained negative as it recorded 11 gainers against 41 losers.
Chams was top on the gainers list with a gain of N0.02k and a closing price of N0.23k. After it was Airtel Africa with N138.00 gain and a closing price of N1,608 and FTN Cocoa Processors gained N0.02k to close at N0.35k.
On the losing side were McNichols with N0.22k loss and a closing price of N1.98k. It was followed by Champion Breweries which lost N0.38k to close at N3.42k then PZ Cussons Nigeria which lost N1.25k to close at N1.3k.
UAC of Nigeria recorded the highest volume of 48.2 million traded shares and it was followed by United Bank for Africa with 31.9 million traded shares and Access Holdings with 30.7 million shares.
Hauwa Abu
