Stock market closes bullish as investors gain N261bn

By Cynthia Ezekwe

The Nigerian Exchange (NGX) platform closed positive on Wednesday as market capitalisation increased by N261 billion, to close at  N21,209 trillion.

The All-Share-Index grew by 0.90 per cent to close at 53,603.8 points.

Meanwhile, a total of 236 million units of shares were traded in 3,906 deals valued at N3.25 billion.

The market breadth closed positive as OANDO led 22 equities that appreciated in their shares prices, against 14 losers topped by MAYBAKER.

OANDO led the gainers chart as it recorded 9.84 per cent growth to close at N4.91; CAVERTON was up 8.08 per cent to close at N1.07; IKEJAHOTEL gained 7.77 per cent to close at N1.11; TRANSCORP appreciated 7.14 per cent to close at N1.50; while DANGCEM increased by 5.07 per cent to close at N290.00.

On the contrary, MAYBAKER topped the losers chart as it lost 8.70 per cent of its share prices to close at N4.20; CHIPLC was down 8.06 per cent to close at N0.57; RTBRISCOE depreciated 7.69 per cent to close at N0.24; FTNCOCOA shed 7.14 per cent to close at N0.26; while CAP was down 5.79 per cent to close at N17.90.

At the end of trading activities on Wednesday, the Year-To-Date (YTD) returns settled at 3.89 per cent, while the stock market advanced by 2,008.14 basis points.