Investors in the Nigerian equities market gained N1.3 trillion at the close of trading on Wednesday.
This followed the surge in the share prices of stocks such as Daar Communication, Berger, and Fortis Global Insurance, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 168,030.18 points from the 165,901.57 points recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation surged to N107.8 trillion from N106.4 trillion posted by the bourse on Tuesday.
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The market breadth was positive, with 53 stocks advancing, 26 declining, and 69 remaining unchanged in 42,095 deals.
A total of 694,787,500 shares were traded, valued at N20.5 billion.
Daar Communication, Berger, and Fortis Global Insurance led the gainers’ chart, with 10% growth in share prices, respectively, to close at N1.87, N66.00, and N0.22 per share, up from N1.70, N60.00, and N0.20 per share.
Red Star Express, DeapCap, and Union Homes led other price decliners with a 9.97%, 9.97% and 9.95% dip each in share price to close at N17.15, N6.86, and N69.25 per share, down from the previous N19.05, N7.62, and N76.90 per share
On the volume index, Chams led trading with 57 million shares in 911 deals, followed by Universal Insurance, which traded 56 million shares in 461 deals.
First Holding Company Plc traded 35 million shares in 739 deals.
On the value index, Seplat traded stocks valued at N2.5 billion in 376 deals, followed by Aradel, which traded equities worth N2.4 billion in 1,135 deals.
WAPCO traded shares valued at N1.6 billion in 592 deals.
Babajide Okeowo
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