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NSE: Market gains N77.167bn as positive sentiment extends to day 2

The Nigerian bourse sustained the fairly positive performance it recorded Tuesday at the end of Wednesday trade with all the key performance indicators ending towards the north.

Also remarkable was the massive recovery in the volume of trade which, after touching the lowest point ever in 2020 on Tuesday, recovered substantially today.

Gains were recorded across all the sector indices save for the Oil and Gas Index, where the basis points shed 0.55% to close at 203.34.

There were 25 gainers compared to 8 losers, which made the market turn in a positive breadth.

The All Share Index (ASI) inched up by 0.71% to close at 21,073.26 basis points. Market capitalisation added N77.167 billion to N10.982 trillion at the end of today’s trade.

Year to date, the index is down by 21.49%.

TOP 5 GAINERS

ETI led gainers today, appreciating by 10% to close at N4.40. Ikeja Hotel added up 10% to end today’s trade at N0.99. Wema Bank went up by 9.80% to N0.56. WAPCO rose to N11.80, notching up 9.77% in the process. Dangote Sugar completed the top 5, climbing up by 9.55% to N9.75.

TOP 5 LOSERS

SAHCO topped the losers’ chart today declining by 10% to close at N2.16. Union Diagnostic shed 10% to end today’s trade at N0.27. Ardova fell to N11.25, losing 9.65% in the process. GSK slumped to N4.35, recording 9.38% depreciation. Courtville closed at N0.20, going down by 9.09%.

READ ALSO: NSE: Investors’ apathy deepens as trade volume hits year-to-date low

TOP 5 TRADES

346.410 million shares estimated at N5.216 billion were traded today in 21,073.26 deals.

GTB was the most active stock with 102.239 million of its stocks worth N1.844 billion traded in 545 deals. 64.707 million units of FBN Holdings shares priced at N289.324 million exchanged hands in 736 transactions. Zenith had 30.294 million shares valued at N395.409 million traded in 609 deals. WAPCO traded 27.925 million shares estimated at N329.430 million in 227 transactions. Fidelity traded 24.930 million shares valued at N51.066 million in 162 deals.

Ronald Adamolekun

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Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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