Modupe Gbadeyanka
By Modupe Gbadeyanka
Gains recorded by 17 stocks on the trading floor of the Nigerian Stock Exchange (NSE) on Wednesday extended positive momentum by 0.26 percent.
The All-Share Index (ASI) rose by 96.73 points to settle at 37,059.21 points, crossing the 37,000 mark again after it dropped below it few days ago, while the market capitalisation increased by N33.3 billion to close at N12.8 trillion.
Unlike yesterday, the volume and value of shares traded today by investors finished higher with 264.3 million shares exchanged in 3,849 deals valued at N5.5 billion.
Business Post reports that Zenith Bank was investors’ toast on Wednesday with 57.2 million units sold at N1.3 billion.
UBA transacted 40.6 million shares valued at N378.9 million, while GTBank traded 28.5 million shares worth N1.2 billion.
In addition, Access Bank 24.6 million shares worth N243.3 million, and FBN Holdings sold 12.1 million shares valued at N72.5 million.
A look at the price movement chart showed Nigerian Breweries emerging the highest gainer with an addition of N2.1k to its share value to settle at N185.2k per share.
Stanbic IBTC rose by 85k to close at N38.85k per share, while Zenith Bank grew by 45k to end at N23.50k per share.
Access Bank expanded by 39k to finish at N10.24k per share, and Dangote Sugar appreciated by 16k to wrap the day at N13 per share.
On the flip side, Total Plc lost N11.51k to close at N228 per share, while 7up fell by N4.84k to settle at N92.12k per share.
Lafarge depressed by N1.49k to close at N57.1k per share, Flour Mills of Nigeria declined by N1.33k to end at N28.52k per share, and Unilever depreciated by 55k to finish at N45 per share.
Today’s bullish performance is the second this week. The market opened the week in red on Monday, but bounced back the next day.
