Mid-week transactions in Nigeria’s equities market appreciated by 0.23% on key index after a downward trend recorded on Tuesday which halted six days of straight gains at the Exchange.
Investors witnessed an uptick in Wednesday trade amind continued profit-taking and bargain hunting activities as the All-Share Index, ASI inched by 127.29 basis points representing a 0.23% increase to close at 54,427.05 points higher than the 54,299.76 of the previous day.
Similarly, the sum of N69.33 billion was gained on market capitalisation to settle at N29.644 trillion on Wednesday compared to Tuesday’s N29.575 trillion.
The Exchange recorded more losers (23) than gainers (11) at the close of the trading session.
Specifically, the market witnessed profit-taking on TRIPPLED, INTENEGINS and JAPAUL GOLD shares as their respective prices increased 9.52%, 9.40% and 3.46%.
On the other hand, TRANSEXPX, TRANSCORP and COURTVILLE shares dropped by 9.76%, 7.35% and 6.00% on their respective prices.
Meanwhile, trading activity declined, with total deals, volume, value dropping by -32.10%, -24.22%, and -76.2%, respectively, to 2,974 trades, 151.58 million units, and N1.81billion.
In terms of volume, Universal Insurance Plc was the most active stock, with 20.03 million shares worth N4, 007 million changing hands in 43 deals.
