Business and Economy

Nigerian stock market gained 0.04% (n15.52 billion) on Wednesday

The domestic stock exchange closed the session with a bullish tack despite being mixed as the benchmark Index only managed a paltry 0.04% rise to conclude at 67,353.23 points. As a result, the market capitalization increased by 15.29 billion to close at 37.00 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%).

According to an analysis of today’s market activity, trade turnover decreased in comparison to the prior session, with a 9.10% decrease in transaction value. 6,165 transactions totaling 397.56 million shares worth 4.70 billion pounds were completed. With 88.99 million units traded, WEMABANK (+0.64%) dominated the volume chart, and GTCO (+0.71%) headed the value chart.

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