Investors gained ₦165 billion on the stock market as both the All-Share index and market capitalisation appreciated to close on a positive note
When you fight and lose, the wise thing to do is to go back home and re-strategise for another fight day.
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.
