Lagos, Dec. 7, 2023: Activities on the Nigerian Exchange Ltd. (NGX) on Wednesday remained upbeat as investors gained futher with N305 billion due to share price appreciation.
Accordingly, investors gained N305 billion in value as market capitalisation went up to N39.294 trillion from N38.989 trillionwhich was recorded on Tuesday, representing 0.78 per cent.
Consequently, NGX All-Share Index (ASI) rose by 558.47 points or 0.78 per cent to close at 71,808.64 from 71, 250.17 basis points posted at the previous trading.
As a result, the ASI year-to-date (YTD) increased to 40.11 per cent.
Market breadth closed positive as 36 stocks were on gainer’s table, while 21 others on loser’s.
Thomas Wyatt recorded the highest price gain of 9.93 per cent to close at N3.32, per share.
First Bank of Nigeria Holdings (FBNH) followed with an increase of 9.91 per cent to close at N29.40, while Multiverse Mining and Exploration grew by 9.9 per cent to close at N7.77 per share.
Ecobank Transnational Incorporated (ETI) rose by 9.88 per cent to close at N18.90, while Infinity Trust Mortgage Bank garnered 9.70 per cent to close at N1.47 per share.
On the other hand, AXA Mansard Insurance led the losers’ chart by 9.69 per cent to close at N4.10 per share.
Guinea Insurance followed with a decline of 9.68 per cent to close at 28k, while Oando lost 9.13 per cent to close at N10.45
Omatex Ventures fell by 8.14 per cent to close at 79k, while Universal Insurance dropped by 7.41 per cent to close at 25k per share.
The total volume traded increased by 59 per cent to 690.01 million shares, worth N12.1 billion in 8,412 deals.
Transactions in the shares GTCO topped the activity chart with 76.7 million shares valued at N3.04 billion.
United Bank for Africa (UBA) followed with 74.54 million shares worth N1.66 billion, while Fidelity Bank traded 65.63 million shares valued at N596.32 million.
Access Corporation traded 64.17 million shares valued at N1.34 billion, while Universal Insurance transacted 47.13 million shares worth N12.21 million.