The market capitalisation of the Nigerian Exchange Limited continued to appreciate at the close of trading on Wednesday.
The All-Share index moved 30 base points to 54,936.11 from 54, 906.68 recorded on Tuesday. The market cap moved to N29. 927tn at the close of trading, a 0.06 per cent appreciation
A total of 134,150,558 shares worth N1.330bn were exchanged in 2,479 deals on the trading floor.
Despite the appreciation in the market cap and ASI, the market sentiments were negative with 14 stocks on the losers’ table compared to nine on the gainers’ table.
Atop the losers’ table were NCR with a 9.69 per cent loss in its market value to close the day at N2.61, and FTN Cocoa lost 6.90 per cent to close at N0.27 per share.
Third, on the gainers’ table was JapaulGold whose share lost 6.67 per cent in its share value to close at N0.28.
On the gainers’ table were GTCO shares which gained N2.44 per cent to close the day at N25.20 per share, WAPIC followed also with a 2.44 per cent gain to close trading at N0.42 per share and Linkage Assurance gained 2.22 per cent in its share value. Its price at close of trading was N0.46 per share.
On the Most Traded chart, Zenith Bank maintained its first position with 6,085,925 of its shares worth N 153,960,358.00 traded in 253 deals.
GTCO followed with 13,551,801 of its shares worth N336,904,357.15 exchanged in 241 deals. MTN Nigeria is third on the list with 215,233 shares valued at N 50,476,466.00 traded in 177 exchanges.
SOURCE: THE PUNCH
