The Nigerian Equities market has remained upbeat for the third consecutive day this week as benchmark index appreciated by 1.94 percent on Wednesday.
The midweek trades recorded gains in 35 equities with the market capitalisation of listed equities advancing further by N739 billion to close at N38.777 trillion compared to Tuesday’s N38.038 trillion.
Also the All-Share Index inched up by 1,345.59 basis points representing a 1.94 percent increase to close at 70,581.78 points higher than the 69,236.19 points of the previous day.
Wednesday’s trading session ended with a total of 601.73 million shares valued at N11.02 billion that exchanged hands in 7,444 deals which got the market closing with 35 gainers relative to 16 losers.
AIRTELAFIR led the gainers chart for the second day with a 10% profit on its share price to close at N1,694.10k followed by CHAMS and UPL with 9.91% gain on their respective share prices to close at N2.44k and N2.33k; then NEM made an 9.90% profit on its share price with a closing price of N5.55k.
CAVERTON on the other hand, led the losers table with a 7.74% loss on its share price to close at N1.43k followed by CHAMPION Breweries with a closing price of N3.40k after recording a 6.85% drop on its share price while CILEASING recorded a 6.41% loss on its share price to close at N3.36k.
UBA had the highest trade volume of with 163.56 million shares followed by FBNH with 94.66 million and ACCESSCROP for a second day this week had 36.69 million shares.
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