The Nigerian equity market rebounded strongly on Wednesday, with investors gaining N441 billion at the end of the trading session.
According to The PUNCH, the All-Share Index rose 1.33 per cent to 61,523.57 points at the close of trading, breaking the previous day’s record of 60,715.04 points.
In stark contrast to the previous day’s trade, the market capitalization of shares climbed by N441 billion (1.33 per cent) to N33.5 trillion. This was a huge increase above the previous session’s N33.06tn.
Shares worth N10.31 billion were traded, compared to N12.21 billion in the previous day. The number of transactions dropped from 12,194 on Tuesday to 9,815 on Wednesday.
LEARNAFRICA, GOLDBREW, and CHELLARAM led the best-performing stocks with respective gains of 9.97%, 9.5%, and 9.77%.
NSLTECH, MBENEFIT, and LASACO were the leaders of the losers. Each of the three equities declined by 10% in value.
Tuesday’s volume of 1.11 billion shares was lower than Wednesday’s volume of 846.3 million. This demonstrated a decline in trading activity.
FBNH, TRANSCORP, and ACCESSCORP were the three most actively traded stocks, with respective trading volumes of 89.24 million, 89.23 million, and 85.91 million units.
By value, the three most actively traded stocks were FBNH, ACCESSCORP, and UBA.
The market prices of the leading equities DANGOTE CEMENT, AIRTEL AFRICA, and BUA FOODS remained unchanged.
