Nigeria Stock market closes higher with 0.12% increase as investors gain N33.71 billion Wednesday

Optimism prevailed on the Nigerian Stock Exchange today as the NGX All-share index increased by 0.12% to close at 51,657.56 points. The value of transactions increased by 211.02% indicating that trade turnover settled higher than it had the previous session. In all, 4,156 transactions involving 265.73 million shares worth N13.53 billion were completed.

The year-to-date (YTD) return increased to 0.79% as a result, and the market capitalization increased by N33.71 billion to close at N28.14 trillion.

The market remained positive as gains in BUAFOODS (+2.10%), ZENITHBANK (+0.42%), and GTCO (+1.08%) more than offset losses in BUACEMENT (-1.79%), FBNH (-1.78%), and ACCESSCORP (-0.57%). BUACEMENT (-1.79%), which sold 101.65 million units for deals totaling $9.85 billion, topped both the volume and value charts.

At a ratio of 1.64 to 1, the market breadth closed in the positive, with more rising issues than declining ones. On the gainer’s log, NAHCO (+10.00%) led seventeen (17) other companies, while CHAMPION (-10.00%) led ten (10) other companies.

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