The Nigerian Inventory Alternate closed with a market capitalisation of N59.7tn on Wednesday, reflecting a acquire of N184bn in complete market worth.
By way of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 factors. The ASI has recorded a one-week acquire of 0.34 per cent, a four-week acquire of 1.12 per cent, and a year-to-date acquire of 31.74 per cent.
The buying and selling session noticed a complete of 320,101,766 shares traded in 7,943 offers, with a market turnover of N6.48 bn. In comparison with the earlier buying and selling day, the day’s knowledge confirmed a 66 per cent decline in quantity, a 49 per cent lower in turnover, and a 13 per cent discount within the variety of offers.
Among the many high gainers, Conoil, Africa Prudential, and RT Briscoe led with a ten per cent improve of their share costs, closing at N352.00, N14.30, and N2.42, respectively. Golden Guinea Breweries noticed a 9.95 per cent improve, closing at N7.18. Different notable gainers included NEM Insurance coverage (+9.74 per cent), closing at N10.70, and Tantaliser (+9.59 per cent), closing at N1.60.
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On the dropping facet, Julius Berger Nigeria recorded a ten per cent lower, closing at N155.25 per share, adopted by Safe Digital Expertise with a 9.52 per cent decline, closing at N0.57. Multiverse Mining & Exploration fell by 7.63 per cent, closing at N5.45, and Haldane McCall noticed a 6.07 per cent lower, closing at N4.95. Different losers included Honeywell Flour Mills, which fell by 5.62 per cent, closing at N4.70, and Livestock Feeds, which declined by 5.59 per cent, closing at N3.21.
E-Tranzact Worldwide recorded the very best quantity with 70.3 million shares traded, adopted by Common Insurance coverage Firm (23.8m), Zenith Financial institution (21.2m), and FBN Holdings (18.6m).
Different notable sectoral performances included the Oil & Gasoline Index, which gained 2.59 per cent, closing at 456.63 factors; the Insurance coverage Index, which rose by 2.34 per cent, closing at 210.35 factors; and the Fundamental Board Index, which elevated by 0.42 per cent, closing at 1,546.56 factors.
On Tuesday, the Nigerian Alternate closed on a constructive observe, with market capitalisation rising by N61bn to shut at N59.53tn. The All-Share Index gained 0.10 per cent, settling at 98,206.97 factors, up from the earlier shut of 98,107.52 factors.