Equity market sustains bullish run, gains N120bn

Trading activities on the floor of Nigeria Stock Exchange Wednesday sustained bullish run at the market for third consecutive time in the week, gaining N120 billion.

Specifically, market capitalisation of listed equities increased by N120 billion or 0.86 per cent to N14.027 trillion from N13.907 trillion recorded the previous day.

The NSE All Share Index appreciated by 225.46 basis points to 26837.42 points from 26611.96 points traded on Tuesday.

Investors traded 322.773 million shares valued at N4.039 billion in 4046 deals against 413.103 million shares worth N4.527 billion exchange hands in 4681 deals.

A review of the investment showed that Total Nigeria Plc led gainers table during the day, gaining N8.80 kobo to close at N96.80 kobo, Dangote Cement followed with a gain of N3.90 kobo to close at N129.00, MTN Nigeria Communications gained N1.00 to close at N28.05 kobo, Guaranty Trust Bank increased by N1.00 to close at N28.05 kobo, UAC N added N0.60 kobo to close at N6.95 kobo.

Nigeria Breweries topped losers chart dropping by N3.55 kobo to close at N49.00, PZ trailed with a loss of N0.25 kobo to close at N4.00, Union Bank of Nigeria fell by N0.15 kobo to close at N5.00, Dangote Sugar Refinery PLC dropped by N0.10 kobo to close at N12.40 kobo, UPL down by N0.09 kobo to close N1.24 kobo.

The result further indicated that Sterling Bank was the most stock during the day, trading 83.686 million shares cost N105.435 million, Access Bank Plc followed with account of 46.104 million shares valued at N308.345 million, Zenith Bank Plc traded 24.871 million shares cost N443.397 million, Wapco exchanged 18.703 million shares cost N280.590 million while Fidelity Bank sold a total of 17.195 million shares cost N32.183 millioFMDQ.

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