Business and Economy

Nigerian stock market gained 0.04% (N15.29 billion) on Wednesday

The Nigerian stock exchange closed Wednesday’s trading session with a gain of 0.04% to end at 67,353.23 points. As a result, the market capitalization increased by N15.29 billion to close at N37.00 trillion, increasing the year-to-date return (YTD) to 31.42%.

Despite declines from ACCESSCORP (-1.18%), FBNH (-0.31%), and WAPCO (-1.02%), the market was in the black thanks to gains from ZENITHBANK (+1.21%), GTCO (+0.71%), and UBA (+1.62%).  On the laggard’s table, AFRIPRUD (-7.14%) outperformed thirteen (13) rivals, while ETERNA (+6.86%) outperformed twelve (12) rivals.

Trade turnover decreased in comparison to Tuesday with a 9.10% decrease in transaction value. 6,165 transactions totaling 397.56 million shares worth N4.70 billion were completed. While GTCO (+0.71%) led the value chart with transactions totaling N828.48m, WEMABANK (+0.64%) dominated the volume chart with 88.99m units moved.


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