Equities on the Nigerian stock market rose for the eight consecutive session Wednesday amid investors’ relentless interest in blue-chip stocks.
Buy pressure on large-cap and mid-cap stocks like GTB, Nigerian Breweries, CAP, Guinness and Flour Mills helped the market to close on an upbeat note.
The volume of trade closed higher than those recorded in the past couple of days as the market responded positively to the easing of lockdowns across locations in the country.
A negative market breadth was posted as 35 gainers emerged against 4 losers. The All Share Index (ASI) climbed up by 1.40% to close at 24,143.37 basis points. The market capitalisation rose to N12.582 trillion, gaining N174.096 billion in the process.
Year to date, the index is down by 10.05%
TOP 5 GAINERS
Nigerian Breweries led gainers today, growing by 10% to close at N33. Chi Plc gained 10% to close at N0.33. Ardova rose by 9.84% to N13.95. CAP leapt to N22.90, notching up 9.57% in the process. UACN Property completed the top 5, climbing up by 9.52% to N0.92.
TOP 5 LOSERS
C&I L topped the losers’ table today, declining by 6% to close at N4.70. UACN shrank by 3.47% to end the day at N6.95. Union Diagnostic fell to N0.31, losing 3.12%. International Breweries dipped to N4.90, recording 2% loss.
TOP 5 TRADES
426.642 million shares worth N4.102 billion were traded today in 7,384 deals.
Zenith Bank was the most preferred stocks today with 91.923 million of its stocks worth N448.074 million traded in 454 deals. 63.389 million units of Zenith Bank shares priced at N994.763 million exchanged hands in 854 transactions. Access Bank had 55.938 million shares valued at N365.490 million traded in 465 deals. GTB traded 45.884 million shares estimated at N1.048 billion in 550 transactions. Sterling Bank traded 24.778 million shares valued at N32.237 million in 1443 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: UBEC mum as N80m Kebbi secondary school lab equipment still undelivered since 2020
“Our laboratories are not conducive for learning; the termites have destroyed most of these laboratories, and there is not enough...
In Niger, communities suffer as multi-billion naira Auna Dam project remains uncompleted despite 38 years of investments
In Niger State, the over 20 communities around Auna River have had their hopes for fresh water, electricity supply and...
INVESTIGATION: Years after, 15km Eleme-Onne end of East-West Road remains death-trap despite billions released
In this report, ARINZE CHIJIOKE chronicles the sufferings of road users on the 15km Eleme-Onne end of the East-West Road...
Gaza attacks intensify as 12 Thais, 10 Nepalese killed in Israel
The current violence in Israel has claimed the lives of at least 12 Thai people and 10 Nepalese individuals. Eight...
INVESTIGATION: Poorly executed classroom projects force children out of school in Niger State
Once a vibrant hub of learning for pupils, Kodo Primary School now resonates a stark contrast to its former days...