Nigerian stock market investors gain N17.75nbilluon as the NGX All-Share Index gains 0.08% on Wednesday

The Nigerian Stock Exchange continued to rise as the benchmark Index closed at 51,178.41 points, up 0.08% from yesterday. Gains in Tier-1 banking companies ZENITHBANK (+0.23%), STANBIC (+3.19%), and ACCESSCORP (+1.69%) offset losses in WAPCO (-1.47%), NB (-1.50%), and FCMB (-0.86%), which were the main drivers of the performance. As a result, market capitalization climbed by N17.75 billion to close at N27.87 trillion, while the ASI year-to-date (YTD) increased to -0.14%.

A review of today’s market activity revealed that trade turnover was lower than it had been during the previous session, with a 20.77% decrease in transaction value. 3,505 transactions totaling 1.27 billion shares worth N3.98 billion were completed. With 1.14 billion units traded in deals worth N2.14 billion, TRANSCORP (+9.85%) topped the volume and value charts.

At a ratio of 3.14 to 1, the market breadth closed in the positive, with more rising issues than declining ones. On the leader’s log, TRANSCORP (+9.85%) outperformed twenty-one (21) other companies, while FTNCOCOA (-3.85%) outperformed six (6) other companies.