Trading on the Equities Market of the Nigerian Exchange Limited (NGX) ended positive on Wednesday as the market sustained the gains recorded on Tuesday rising by 0.71%.
The All-Share Index increased by 266.53 basis points to 37,907.28 basis points from 37,640.75 basis points just as the Market Capitalization increased by 139 billion Naira to close the day at 19,760 trillion Naira from 19,621 trillion Naira.
During Wednesday ‘s trading, investors traded 213,704 million units of shares valued at N3,231 billion in 3,522 deals where 24 stocks recorded gains, while 18 stocks declined.
Wema Bank was the most traded stock by volume at 18,306 million units of shares, while ACCESS BANK PLC was the most traded by value at N116.548 million.
Top on the ladder for the gainers was Nestle with an opening selling price of N1,400 per share and a closing selling price of N1,540 per share, gaining N140.00k or 10.00 percent.
Next was Ikeja Hotel, which opened at N1.21k per share and closed at N1.33k per share, gaining N0.12k or 9.92%. It was followed by Oando Plc, which began the day at N3.00k per share and closed at N3.29k per share, gaining 0.29k or 9.67%.
On the other side, BocGas led the decliners, falling by N0.95k or 10% from N9.50k per share to N8.55k per share followed by Sovereign Trust Insurance with a loss of N0.02k to close at N0.26k per share or 7.14%. PZ fell from 5.65k per share to 5.25k per share dropping by N0.40k or 7.08%
On sectoral performance, the Banking Index fell by 0.06%; the Insurance Index fell by 0.14%, while the Industrial Index appreciated by 0.004%. The Consumer Goods Index appreciated by 4.82%, while the Oil/Gas Index rose by 0.75%.
