Trading on the floor of the Nigerian Stock Exchange experienced a positive turnaround on Wednesday as the All-Share Index recorded the highest day-on-day gain since the year began by 3.91% to 23,335.01 points, compared with the depreciation of 0.42% recorded Tuesday. Year-to-date (YTD), the Index depreciated by 18.53%.
Similarly, the Market Capitalization appreciated by 3.91% to close at N8.03trn, compared with the depreciation of 0.42% recorded yesterday to close at N7.72trn.
The appreciation recorded in the share prices of FBN Holdings, GT Bank, Zenith Bank, Nestle and Dangote Cement were mainly responsible for the increase in the value of the Index.
The total value of stocks traded on the floors of The NSE today was N1.58bn, down by 19.92% from N1.97bn traded yesterday. The total volume of stocks traded was 242.53mn in 3,865 deals.
The three most actively traded stocks were: FCMB (37.29mn), UBA (36.17mn) and GT Bank (23.39mn). The most actively traded sectors were: Financial Services (205.36mn), Consumer Goods (10.32mn) and Services (7.33mn).
Altogether, FCMB total volume trade was 37,292,168 valued at N37,679,438.52, followed by UBA with volume trade of 36,171,296, valued at N106,783,110.14. Following suit was GTB who traded in 23,398,628 shares valued at N354, 430,897.68. Access Bank was not left behind as it traded in 22,068,830 shared valued at N90,322,264.57.
The top gainers today is led by Nestle Plc., with a N33.75 to close at N708.85 followed by Dangote Cement with a gain of N5.38 to close at N128.89 while Wapco gained N3.47 to close at N83.47 per share.
On the losers chart, Seplat led the pack with N7.98 margin loss to close at N151.74 per share, followed by AshakemCement with N2.5 loss to close at N24 per share. Flour mill lost N1.5 to close at N16.35 per share.