The Nigerian Exchange Ltd (NGX) on Wednesday closed on a positive note as investors gained ₦17 billion in value as NGX market capitalisation went up to ₦29.927 trillion.
The NGX All-Share Index (ASI) rose by 31.43 absolute points, representing a gain of 0.06% to close at 54,936.11 points.
The upturn was impacted by gains recorded in medium and large capitalised stocks.
Some these stocks are Guaranty Trust Holding Company (GTCO), Nigerian Exchange Group, Fidelity Bank, FBN Holdings (FBNH) and Transnational Corporation (Transcorp).
Gainers And Losers
Market breadth, market sentiment was negative, as 14 stocks lost relative to nine gainers.
GTCO and Wapic Insurance recorded the highest price gain of 2.44% each to close at 25.50 and 42 kobo, while Linkage Assurance followed with a gain of 2.22% to close at 46 kobo, per share.
Lasaco Assurance rose by 2.04% to close at ₦1.00, while Transcorp appreciated by 1.56% to close at ₦1.30, per share. On the other hand, NCR Nigeria led the losers’ chart by 9.69% to close at ₦2.61, per share.
Also, FTN Cocoa processors followed with a decline of 6.90% to close at 27 kobo, while Japaul Gold & Ventures shed 6.67% to close at 28 kobo, per share.
Cutix lost 4.95% to close at ₦2.11, while Consolidated Hallmark Insurance shed 4.62% to close at 62 kobo, per share.
Have You Read: Black Market: Naira Exchange Rate To Dollar, Pounds Others
The total volume traded rose by 5.0% to 134.151 million units, valued at ₦1.330 billion, and exchanged in 2,479 deals.
Transactions in the shares of Transcorp topped the activity chart with 28.122 million shares valued at ₦35.932 million.
United Bank for Africa followed with 21.232 million shares worth ₦170.415 million, while Courteville Business Solutions traded 19.123 million shares valued at ₦8.608 million.
GTCO traded 13.551 million shares valued at ₦336.904 million, while FBNH transacted 8.126 million shares worth ₦88.998 million.
