Market cap gains N179billion on Wednesday

The bullish trend at the stock market continued on Wednesday with the market capitalisation of listed entities closing higher at N12.415 trillion appreciating by N179 billion or 1.46 percent when compared with Tuesday’s closing figure of N12.236 trillion.

The NSE All Share Index, ASI, equally inched up by 559.78 points or 1.46 percent to close at 38,815.64 basis points as against Tuesday’s closing figure of 38,255.86 basis points.

At the close of Wednesday’s transactions, investors exchanged 328.99 million shares worth N3.71 billion in 4,625 deals as against the 786.39 million shares valued at N4.85 billion that was traded in 5,211 deals on Tuesday.

Transcorp led the top five trades by volume chart on Wednesday with 56.51 million shares worth N274.39 million while WAPIC was second with 20.99 million shares valued at N19.49 million.

UBA Capital was third with 20.53 million shares worth N27.26 million while ETI was fourth with 19.54 million shares valued at N272.58 million.

Zenith Bank was last on the chart with 18.96 million shares worth N404.80 million.

The top five advancers chart on Wednesday was led by Guinness with a gain of N6.93k in its share price to close at N241.98k per share.

Total was second with a gain of N5.85k in its share price to close at N167.85k per share while Dangote Cement was third gaining N5.00 in its share price to close at N195.00 per share.

Nigerian Breweries in fourth spot gained N2.87k in its share price to close at N170.00 per share while Cadbury was last on the chart with a share price gain of N1.70k to close at N58.80k per share.

However, Forte Oil was ahead of others on the top five decliners chart losing N5.78k in its share price to close at N109.86k per share.

PZ was second losing N0.50k in its share price to close at N37.00 per share while Mobil was third with a loss of N0.45k in its share price to close at N115.55k per share.

Dangote flour in fourth spot lost N0.20k in its share price to close at N9.50k per share while MRS was last on the chart with a share price loss of N0.14k to close at N51.86k per share.