Investors on the Nigerian Exchange gained N507bn at the close of trading on Wednesday, as the market capitalisation surged to N63.56tn from N63.05tn in the previous session.
The All-Share Index climbed by 831.91 points, representing a 0.8 per cent increase, to settle at 104,230.73. This reflects a 1.27 per cent week-on-week gain, 6.13 per cent over the last four weeks, and a year-to-date increase of 1.27 per cent.
MTN Nigeria and Transcorp Nigeria emerged as the day’s top gainers, appreciating by 10 per cent to close at N220.00 per share and N49.50 per share, respectively. Honeywell Flour Mill gained 9.95 per cent to settle at N8.29, while AIICO Insurance advanced by 9.94 per cent to close at N1.88 per share.
On the losing side, Sunu Assurances led the chart, dropping by 9.99 per cent to close at N9.01 per share. Universal Insurance followed, losing 8.97 per cent to end at N0.71. Secure Electronic Technology fell by 8.11 per cent to close at N0.68, while Consolidated Hallmark Holdings declined by 5.82 per cent to finish at N3.40.
The trading session saw 639.48 million shares valued at N20.44bn exchanged in 13,550 deals. This represented a 43 per cent decline in volume, a 40 per cent increase in turnover, and an 18 per cent decrease in deals compared to the previous day.
Tantalizers recorded the highest trading volume with 82.4 million shares traded, followed by Universal Insurance (56.6 million shares), AIICO Insurance (54.3 million shares), and Chams (33.1 million shares).
Leading the value chart, Geregu Power recorded trades worth N11.39bn, followed by Total Nigeria (N1.78bn), Aradel Holdings (N744.69m), Access Holdings (N617.27m), and Zenith Bank (N500.37m).
The Top 30 Index gained 0.96 per cent, while the Premium Index rose by 2.18 per cent. The Banking Index advanced by 0.55 per cent, and the Pension Index increased by 1.16 per cent.
The PUNCH reported that transactions on the floor of the Nigerian Stock Exchange on Tuesday closed on a negative note, with investors losing N152bn. The All Share Index declined by 0.24 per cent, settling at 103,398.82 points from the previous close of 103,649.24.
-By Temitope Aina