Investors gained ₦165 billion on the stock market as both the All-Share index and market capitalisation appreciated to close on a positive note

ngx floor

When you fight and lose, the wise thing to do is to go back home and re-strategise for another fight day.

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After two consecutive trading day losses, the stock market rose with gains on the third trading day.

Have You Read: Stock Market Records Second Day Loss As Investors Lose ₦‎730bn

Investors gained ₦‎165 billion as interest in stocks like BUA Cement, FBN Holdings and other top advancers helped the market to close on a positive note.

The NGX All-Share index rose from 101,060.67 basis points to close at 101,362.38 points, and the market capitalisation also increased to ₦‎55.298 trillion.

Wednesday market capitalisation appreciated by 0.30% as investors gained ₦‎165 billion in the stock market.

The market has risen this year by 35.56%, while this month it is up by 0.21%. Week-to-date (WtD), the market has dropped by 4.12%.

Gainers And Losers

BUA Cement rose from ₦‎142.95 to N150, up by ₦‎7.05 or 4.93%, while FBN Holdings went up from ₦‎26.10 to ₦‎28.70, adding ₦‎2.60 or 9.96%.

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Meanwhile, Okomu Oil Palm led the league of decliners after its share price dropped from a high of ₦‎270 to N243, losing ₦‎27 or 10%.

In 8,611 deals, investors exchanged 302,739,517 shares valued at N6.552billion. FBN Holdings, Japaul Gold, Transcorp, Veritas, and GTCO were actively traded stocks.

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