Equity transactions on the Nigerian Stock Exchange (NSE) closed on Wednesday on a positive note with the market capitalisation appreciating marginally by 0.43 per cent.
The News Agency of Nigeria (NAN) reports that the market capitalisation appreciated by N52 billion or 0.43 per cent to close at N12.100 trillion against N12.048 trillion recorded on Tuesday.
Similarly, the All-Share Index gained 152.13 points or 0.43 per cent to close at 35,103.40 compared to 34,951.27 recorded on Tuesday.
The appreciation in the market indices was due to price gains recorded by some major blue chips.
For price movements, Nestle led the gainers’ chart, appreciating by N4.76 to close at N1210.06 per share.
Similarly, Dangote Cements gained N4 to close at N210 per share.
Zenith Bank rose by 39k to close at N22.51, while Internatinal Breweries gained 32k to close at N36 and Stanbic IBTC increased by 25k to close at N39.75 per share.
On the other hand, Mobil led the losers’ table with a loss of N2.01 to close at N167.99 per share.
Nigeria Breweries followed with a loss of N1.5 to close at N165.5, while GTBank lost N4k to close at N39.2 per share.
Lafarge Wapco dipped by 24k to close at N49.78, while PZ Cussons depreciated by 22k to close at N25 per share.
NAN reports that the volume of shares traded, however, depreciated by 72.74 per cent with 136.403 million shares worth N1.27 billion traded in 2,860 deals.
This is against the 500.29 million shares valued at N3.62 billion traded in 3,120 deals on Tuesday.
JaizBank was the toast of investors, accounting for 35.85 million shares worth N26.06 million.
Mayer came second on the activity chart with 20.01 million shares valued at N14.01 million, while FBNH sold 6.69 million shares worth N36.78 million.
Investors staked N6.04 million on 5.43 million shares of Diamond Bank and traded 4.88 million shares of Access Bank valued at N46.20 million.