Market Cap gains N55billion on Wednesday

The bullish trend continued on resumption of trading Wednesday on the floor of the Nigerian Stock Exchange, NSE, after the independence holiday with the market capitalisation of the listed entity gaining N55 billion or 0.47 percent to close for the day at N11.708 trillion as against Monday’s N11.653 trillion closing figure.
The All Share Index, ALSI, equally appreciated by 322.98 points or 0.88 percent to close at 36,908.06 basis points as against the 36,585.08 basis points recorded on Monday.
At the end of transactions, investors traded 396.43 million shares valued at N4.89 billion in 4,359 deals.

This was in contrast to the 279.16 million shares worth N3.04 billion which exchanged hands in 3,310 deals on Monday.
Nestle Plc led the top five gainers chart appreciating by N8.47k in its share price to close at N998.50k per share.
It was followed by Nigerian Breweries which gained N3.00 in its share price to close at N168.00 per share while UACN was third gaining N2.60k in its share price to close at N61.10k per share.
7up was fourth with a gain of N2.00 in its share price to close at N68.00 per share while Presco was last on the chart with a share price gain of N1.47k to close at N33.97k per share.
However, GSK topped the losers chart with a drop of N3.45k in its share price to close at N65.55k per share while Okomu oil was second with a loss of N2.30k in its share price to close at N43.70k per share.
CCNN followed with a share price loss of N0.20k to close at N8.89k per share while Jos Breweries was fourth losing N0.20k in its share price to close at N3.97k per share.
Learn Africa was last on the chart with a loss of N0.09k in its share price to close at N1.86k per share.
The top five trades by volume chart on Wednesday was led by Zenith Bank with 61.75 million shares worth N1.24 billion while Diamond Bank was second with 47.53 million volume of shares valued at N292.42 million.
Continental Insurance was third with 40.09 million shares worth N48.12 million.
Transcorp was fourth with 30.42 million shares valued at N50.64 million while FCMB was last with 27.88 million shares worth N106.13 million.