By Modupe Gbadeyanka
Investors in the Nigerian capital market (equities category) recorded a gain of N2.8 billion after having had to endure four days of straight losses.
The major market indicators at the Nigerian Stock Exchange (NSE) finished in the green zone, boosting the confidence of investors.
The market had a marginal gain of 0.03 percent, with 18 stocks appreciating in value at the close of activities compared to 20 equities, which recorded losses.
The top decliners on Wednesday were Dangote Cement, which lost N4 to close at N154 per share; International Breweries, which fell by 57k to finish at N18.42k per share; NASCON, which dropped 34k to end at N6.66k per share; Forte Oil, which slumped by 14k to finish at N53.71k per share; and UAC Property, which went down by 12k to close at N2.34k per share.
The all-share index today appreciated by 0.03 percent or 8.21 absolute points to end at 25,241.63 absolute points, while the market capitalisation improved by N2.8 billion to finish the day at N8.689 trillion.
Also, a total of 414.2 million shares were exchanged at the market on Wednesday in 2,567 deals valued at N3.4 billion.
Just like the previous day, Mobil led the gainers’ chart going up by N24.78k to close at N266.67k per share, while Total followed with an appreciation of N4.5k to finish at N258.90k per share. In the same vein, Nigerian Breweries went up by N2 to end at N145 per share, Beta Glass rose by N1.57k to finish at N33.7k per share and Cadbury grabbed N1.2k to close at N11.7k per share.
more recommended stories
CBN Unveils Financing Steps for Meter Manufacturers, DisCos
By Adedapo Adesanya The Central Bank.
NASD OTC Market Ends in Stalemate as Investors Remain Cautious
By Adedapo Adesanya Investors took the.
Demand for Dollar Drops 81.5% at I&E as Investors Play Safe
By Adedapo Adesanya The recent spate.
Oil Sheds 3% as Weakened Demand Outweighs Inventories Drop
By Adedapo Adesanya Prices of major.
Investors Lose N113bn as Blood Flows to Stock Market
By Dipo Olowookere The stock market.
NNPC Lauds Completion of OB3 Gas Pipeline Project
By Adedapo Adesanya The Nigerian National.
NASD OTC Exchange Records 0.05% Growth
By Adedapo Adesanya The bulls returned.
Naira Gains 0.06% at I&E on 72.9% Drop in Daily FX Turnover
By Adedapo Adesanya The Naira appreciated.