The major market indices of equities on the Nigerian Exchange closed bullish on Wednesday to remain in positive territory for the second consecutive day.
The all-share index rose by 0.95 or 491.13 points to close at 52,097.62 points compared with 51,606.49 on Tuesday while the market capitalisation inched up by N268 million to close at N28.367 trillion as against N28,099 trillion the previous day.
For the second consecutive day as well, market sentiment stayed positive as trading closed with 39 gainers and 8 losers.
Top on the gainers list for the day was Livestock Feeds with a 10% gain to close at N1.10k per share. It was followed closely by Academy Press also with a 10% gain and a closing price of N1.43k and Cadbury Nigeria appreciated by 9.8% to close at N11.20k.
Conversely, Fidelity Bank came out last on the losing side with a price decline of 6.57% to close at N5.26k and was followed by Fidson Healthcare with a 5.56% loss and a closing price of N8.50k while Linkage Assurance lost 4.35% to close at 0.44k.
Transcorp Nigeria had the highest volume of 1.12 billion traded shares, followed by Aluminium Extrusion Industries with 113 million traded shares.
In all, a total of 1.47 million shares with a market value of N7.22 billion were traded in 5,109 deals on Wednesday.
