Business and Economy

Nigerian stock market gains 0.98% (N358.05 billion) on Wednesday

The Nigerian stock market All Share Index gained 0.98% to settle at 67,414.40 points at the close of Wednesday’s trading session. As a result the year-to-date (YTD) return increased to 31.54% while the market capitalization increased by N358.05 billion to close at N36.90 trillion.

The gain was as a result of rekindled investor interest in Tier-1 banks ZENITHBANK (+0.74%), GTCO (+6.00%), and ACCESSCORP (+9.77%). OANDO (+9.73%), with 143.45m units traded in transactions worth N1.40bn, topped the value and volume charts.

Trade turnover was lower than it was on Tuesday with a 21.04% decrease in transaction value. 8,404 transactions totaling 569.63 million shares worth N8.70 billion were completed.

Twenty-six (26) other players were trailed on the leader’s log by DANGSUGAR (+10.00%), while twelve (12) other players were ahead on the leader’s table by COURTVILLE (-10.00%).

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