Business and Economy

Nigerian Stock market continues to rise as it gains 0.78% (N305.61 billion) on Wednesday

The Nigerian stock market continued to rise today for the second straight session, with the All-Share Index gaining 0.78% to close at 71,808.64 points. Consequently, the market capitalization climbed by ₦305.61bn to close at ₦39.30trn, and the ASI year-to-date (YTD) increased to 40.11%.

Gains in MTNN (+0.25%), ZENITHBANK (+3.44%), and GTCO (+0.51%) offsetting losses in DANGSUGAR (-0.09%), WAPCO (-0.33%), and TRANSCORP (-1.29%) were the main drivers of the performance.

Turnover settled at a greater level than it did on Tuesday with a rise of 8.88% in transaction value. 8,412 transactions totaling 690.01 million shares valued at ₦12.10 billion were completed. Leading the value and volume charts with 76.70 million units exchanged in deals valued at ₦3.04 billion was GTCO (+0.51%).

On the leader’s table, THOMASWY (+9.93%) was ahead of thirty-three (33) others, and on the laggard’s log, MANSARD (-9.69%) was ahead of nineteen (19) others.

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