Transactions on the floor of the Nigerian Stock Exchange rebounded Wednesday after appreciating by N441 billion as FBNHoldings, AccessCorp, United Bank for Africa, FCMB group and others lifted market activities.
Market capitalisation of listed equities appreciated by 1.33 percent to N33.500 trillion from N33.059 trillion reported the previous day.
The NGX All Share Index also increased by 808.53 basis points to 61523.57 points from 60715.04 points recorded on Tuesday.
Learn Africa led the gainers’ table during the day appreciating by 9.97 percent to close at N3.20 per share, Gold Breweries followed with 9.95 percent to close at N2.21 per unit, Chellaram gained 9.77 percent to close at N1.46 per unit, John Holt added 9.62 percent to close at N1.14 per share, Omatek grew by 9.52 percent to close at N0.46 per unit.
On the contrary, NSL Tech, Mutual Benefits Assurance, Lasaco Insurance, and NEM Insurance topped the losers’ chart, shedding 10 percent each to close at N0.27 per share, N0.54 per unit, N2.07 and N5.58 per unit, respectively.
Wapic Insurance trailed with a loss of 9.88 percent to close at N0.73 per share.
The volume of trades increased by 260.677 million, representing 23.55 percent as investors traded 846.323 million shares valued at N10.305 billion in 9815 deals against 1.107 billion shares worth N12.209 billion exchanged hands in 12194 deals.
Transaction in the shares of FBNHoldings led market activity with 89.237 million shares valued at N1.649 billion, Transnational Corporation of Nigeria (Transcorp) followed with account of 89.232 million shares worth N323.507 million, AccessCorp traded 85.911 million shares valued at N1.536 billion, FCMB group sold 85.031 million shares valued at N477.154 million, United Bank for Africa traded 57.512 million shares cost N749.766 million.
