Business and Economy

Nigerian stock market gain 0.23% (N87.79 billion) on Wednesday

Nigerian stock market continued its gains as the All-Share Index rose by 0.23% on Wednesday to close at 70,773.31 points. As a result, the market capitalization climbed by ₦87.79bn to end at ₦38.89trn, and the ASI’s year-to-date (YTD) return improved to 38.09%.

The market was kept positive by buying interests in BUACEMENT (+1.90%), GTC0 (+0.28%), and UBA (+1.47%), which exceeded losses in ZENITHBANK (-0.30%), TRANSCORP (-0.32%), and FIDELITYBK (-3.19%). On the laggard’s log, UPDC (-8.26%) was ahead of eighteen (18) others, and on the leader’s table, JAPAULGOLD (+9.87%) was ahead of seventeen (17) others.

Trade turnover settled higher than it was on Tuesday, with a 79.88% increase in transaction value. 6,401 transactions totaling 558.34 million shares valued at ₦9.79 billion were completed. In deals valued at ₦4.04 billion, FBNH (+0.52%) traded 209.90 million units, leading the volume and value charts.

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