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By Chukwuma Umeorah
Sustained buying interests in the shares of some high-cap stocks, particularly banking stocks like GTCO, AccessCorp, FBNH, Zenithbank UBA, FCMB and MTNN Plc lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) 0.78 per cent at the close of trade on Wednesday. This resulted to investors earning a whopping N305.60 billion in one day.
At the close of transactions yesterday, the NGX ASI added 558.47 basis points representing 0.78 per cent gain to close at 71,808.64 basis points. Also, market capitalisation rose to N39.295 trillion from the previous day’s record of N38.989 trillion resulting to a Year-to-Date gain of 39.02 per cent.
Data from yesterday’s trading session revealed a total of 690.01 million unit of shares amounting to N12.100 billion exchanged in 8,412 deals. This represents a 59 per cent improvement in volume, 9 per cent improvement in turnover, and 20 per cent improvement in deals.
On the aggregate, 121 listed equities participated in trading. The day concluded with 34 gainers and 22 losers, showcasing overall positive investor sentiment.
The gainers table was spearheaded by THOMASWY, which experienced a notable 9.93 per cent increase, closing at N3.32 per share, from the previous close of N3.02, followed closely by FBNH adding 9.91 per cent in value to reach N29.40 per share from N26.75 at the last close.
MULTIVERSE gained 9.90 per cent and concluding the trading day at N7.77 per share, compared to the previous close of N7.07, while ETI and INFINITY added 9.88 per cent and 9.70 per cent each closing at N18.90 and N1.47 per share respectively.
On the losing side was MANSARD which emerged the worst performing stock for the day, dropping 9.69 per cent in value to close at N4.10 per share, followed by GUINEAINS which declined by 9.68 per cent and close at N0.28 per share.
The value of OANDO stocks also dropped 9.13 per cent and closed at N10.45 per share while OMATEX lost 8.14 per cent and closed the day at N0.79 per share.
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