Investors in the Nigerian equities market gained N512 billion at the close of trading on Wednesday.
This followed the surge in the share prices of stocks such as Aluminium Extrusions, Austin Laz and Company, and Meyer, among others, on the trading floor.
The benchmark All-Share Index (ASI) surged to 155,613.03 points from the 155,034.72 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation surged to N99.3 trillion from N98.7 trillion posted by the bourse on Tuesday.
The market breadth was flat with 41 stocks advancing, 25 stocks declining, and 58 stocks remaining unchanged in 27,884 deals.
A total of 1,229,469,780 shares were traded, valued at N35.1 billion.
Aluminium Extrusions, Austin Laz and Company, and Meyer led the gainers’ chart with 9.90%, 9.82%, and 9.75% growth in share prices, respectively, to close at N21.65, N4.25, and N12.95 per share, up from the previous N19.70, N3.87, and N11.80 per share.
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Neimeth, Tantalizer and International Breweries led other price decliners with a 9.37%, 6.72%, and 4.44% dip each in share price to close at N5.80, N2.50, and N14.00 per share, down from the previous N6.40, N2.68, and N14.65 per share
On the volume index, Chams Plc led trading with 710 million shares in 321 deals, followed by Zenith Bank, which traded 58 million shares in 1,608 deals.
Access Holding Plc traded 57 million shares in 2,064 deals.
On the value index, Aradel traded stocks valued at N9.5 billion in 778 deals, followed by Seplat, which traded equities worth N7.1 billion in 253 deals.
Zenith Bank traded shares valued at N3.6 billion in 1, 608 deals.
Babajide Okeowo
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