The gains recorded on the equities market of the Nigerian Exchange (NGX) on Tuesday were sustained on Wednesday as trading closed bullish with the all-share index rising by 0.12% to close at 38,968.34 points, being 47.84 points higher than Tuesday’s 38,920.50.
The market capitalization also appreciated by N25 billion to close the day at N20,303 billion as against N20,278 on Tuesday.
The market sentiment, however, still remained in the negative territory as market closed with 14 gainers and 18 losers.
UPDC led the gainers after it appreciated by N0.16k to close at N1.82k. It was followed by Northern Nigeria Flour Mills with a share price appreciation of N0.70k to close at N8.00k and Oando, which gained N0.27k to close at N4.62k.
Conversely, Transcorp Hotels topped the losers’ chart after it lost N0.50k to close at N4.50k. It was followed by Consolidated Hallmark Insurance, which lost N0.05k to close at N0.48k, then Prestige Assurance Company, which lost N0.04k to close at N0.44k.
Universal Insurance Company had the highest volume of 18 million traded shares followed by Zenith Bank with 9.71 million traded shares.
