Investors in the Nigerian equities market gained N409bn at the close of trading on Wednesday.
This followed the surge in the share prices of stocks such as Union Dicon, Seplat, and Okomu Oil, among others, on the trading floor.
The benchmark All-Share Index (ASI) surged to160,591.76 points from the 159,951.08 points recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation surged to N102.6 trillion from N102.2 trillion posted by the bourse on Tuesday.
The market breadth was negative with 35 stocks advancing, 38 stocks declining, and 73 stocks remaining unchanged in 49,286 deals.
A total of 1,440,618,173 shares were traded, valued at N20.6 billion.
Union Dicon, Seplat, and Okomu Oil led the gainers’ chart with 10% growth in share prices, respectively, to close at N8.80, N6, 171.00, and N1, 204.50 per share, up from the previous N8.00, N5,610.80, and N1,095.00 per share.
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Cadbur, Austin Laz and Aluminium Extrusion led other price decliners with a 10%, 9.93%, and 9.91% dip each in share price to close at N63.00, N5.08, and N19.55 per share, down from the previous N70.00, N5.64, and N21.70 per share
On the volume index, Linkage Assurance led trading with 54 million shares in 132 deals, followed by Access Holding Plc, which traded 29 million shares in 2,191 deals.
Ellah Lakes Plc traded 26 million shares in 1,792 deals.
On the value index, Seplat traded stocks valued at N3.4 billion in 415 deals, followed by Aradel, which traded equities worth N1.5 billion in 957 deals.
Zenith Bank traded shares valued at N1.4 billion in 1, 723 deals.
Babajide Okeowo
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