Dipo Olowookere
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) extended its gains yesterday by 0.46 percent after the All-Share Index (ASI) increased by 141.68 points to finish at 30,878.56 points and the market capitalisation went up by N53 billion to end at N11.515 trillion.
It was observed that the level activity at the local market on Wednesday improved as prices of shares continue to attract more investors.
At the close of transactions, the volume, value and number of trades rose by 52.96 percent, 21.47 percent and 2.68 percent respectively.
The volume of shares transacted at the nation’s bourse yesterday grew to 376.3 million from 246 million, the value jumped to N3 billion from N2.4 billion, while the number of deals appreciated to 3,409 from 3,320.
Business Post reports that the market breadth ended positive on Wednesday with 21 price gainers and 10 price losers.
GTBank emerged as the day’s biggest price gainer, appreciating by 90 kobo to close at N33 per share, while Stanbic IBTC gained 50 kobo to end at N47.50k per share.
Fidelity Bank appreciated by 20 kobo to finish at N2.29k per share, Zenith Bank also went up by 20 kobo to settle at N22 per share, while FBN Holdings rose by 10 kobo to quote at N7.40k per share.
Conversely, Forte Oil closed at the heaviest price loser, going down by 50 kobo to finish at N29.50k per share.
UAC of Nigeria went down by 40 kobo to close at N8.50k per share, while NEM Insurance declined by 11 kobo to end at N2.39k per share.
May & Baker dropped 6 kobo to finish at N2.39k per share, while Lafarge Africa fell by 5 kobo to close at N12.55k per share.
On Wednesday, Access Bank finally displaced Diamond Bank as the most traded stock, selling 155.8 million units of its shares for N875.2 million.
UBA exchanged 62.1 million equities worth N450.8 million, while FCMB traded 32.6 million shares valued at N63.3 million. Zenith Bank sold 31 million equities worth N678.8 million, while Fidelity Bank transacted 26.2 million equities worth N58.6 million.
