Nigeria’s domestic stock market remained bullish for the third consecutive trading session of this week as the benchmark index inched up by 0.23% on Wednesday.
The All-Share Index appreciated by 0.23% to close at 70,773.31 points higher than the 70,613.60 points of the previous day.
To this end, the year-to-date gain of the exchange rose to 38.09% as market capitalisation of listed equities reached N38.89 trillion.
The day’s trading activities ended with 28 gainers relative to 24 losers.
Stocks such as JAPAULGOLD, MECURE, PRESTIGE, CORNERST and OMATEK specifically, enjoyed investors’ patronage as their respective share prices surged by 9.87%, 9.80%, 9.76%, 9.72% and
9.62%, respectively indicating a bullish market mood.
On the flipside, CAVERTON, MEYER, SCOA, THOMASWY and UPDC share price dropped by 9.87%, 9.85%, 9.60%, 8.60% and 8.26% respectively.
Market activity showed further improvement as the total traded volume and value for the day soared by 24.27% and 79.88% to 558.34 million units and N9.79 billion. However, the total deals for the day, declined by 9.85% to 6,401 trades.
FBNH was the most traded security for the a second day in terms of volume and value with 209.8 million units worth N4.04 billion traded during the midweek session, changing hands in 196 deals.
Olusola Akintonde
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