Business and Economy

Investors gain N18 billion on the Nigerian stock exchange as the All Share Index rose by 0.06% on Wednesday

The benchmark All-Share Index of the Nigerian stock exchange gained 0.06% to closed at 54,936.11 points, at the end of Wednesday’s trading session. As a result, the market capitalization surged by 17.13 billion to close at N29.93 trillion, and the ASI year-to-date (YTD) increased to 7.19%.

Trade turnover decreased in comparison to Tuesday with a 16.15% decrease in transaction value. In a total of 2,479 transactions, 134.15 million shares worth N1.33 billion were completed. Losses at ZENITHBANK (-0.20%), UCAP (-2.46%), and WEMABANK (-1.23%) were outweighed by gains at GTCO (+2.44%), FBNH (+0.46%), and FIDELITY (+1.35%).

With 28.12 million units, TRANSCORP (+1.56%) topped the volume chart, while GTCO (+2.44%) topped the value table with trades totaling $336.90 million. On the laggard’s log, FTNCOCOA (-6.90%) outperformed nine (9) other competitors, while WAPIC (+2.44%) outperformed seven (7) other competitors.

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