The Nigerian Stock Exchange closed on a positive note on Wednesday with the NSE All Share Index gaining 0.20 per cent or 81.34 basis points to close at 40,729.49 basis points, in contrast to the 0.30 per cent drop it recorded on Tuesday.
Similarly, the market capitalisation of the listed equities was down by 0.20 per cent or N27bn to close at N13.449tn, compared to the 0.30 per cent depreciation, which caused it to close at N13.422tn in the previous session.
A review of the sectoral indices showed that the NSE Industrial Index gained the most. It rose by 1.39 per cent or 37.14 basis points to close at 2,712.78 basis points, up from Tuesday’s close of 2,675.64 basis points.
In contrast, the NSE Oil and Gas Index declined by 1.20 per cent or 5.38 basis points to close at 443.49 basis points, the worst performance for the day.
A total of 195.988 million equities worth N2.801bn were traded in 4,876 deals on Wednesday with 29 stocks appreciating in price, and 30 others recording price depreciation.
Ikeja Hotel Plc topped the gainers’ table. It rose by 9.82 per cent or 16 kobo to close at N1.79 per share; followed by Vono Products Plc, which gained five per cent or six kobo to close at N1.26 per share.
Premier Breweries Plc was up by 4.95 per cent or 23 kobo to close at N4.88 per share, while Cutix Plc and Presco Plc rose by 4.55 per cent and 4.17 per cent to close at N1.84 and N37.50 per share, respectively.
On the other hand, Union Bank of Nigeria Plc topped the losers’ table, shedding 5.27 per cent or 54 kobo to close at N9.71 per share.
Conoil Plc fell by 4.99 per cent or N2.52 to close at N47.99 per share, while Redstar Express Plc declined by 4.97 per cent or 23 kobo to close at N4.40 per share.
Also among the losers were AG Leventis Plc and Vitafoam Plc; they fell by 4.83 per cent and 4.65 per cent to close at N1.38 and N4.10 per share, respectively.
