First Bank of Nigeria Holdings Plc, Union Diagnostic, Berger Plc, Conoil, and Cornerstone Insurance Plc led the gainers’ chart on the floor of the Nigerian Stock Exchange on Wednesday.
Also, the All-share index grew by 3.54% to close at 28,562.48 index points making it the third successive positive trade recorded this week. Equity market capitalisation, which opened at N13.326 trillion, gained N460.69 billion to close at N13.787 trillion having recorded trades in 741.8 million shares valued at N9.22 billion in 7,622 deals.
First Bank Holdings and Union Diagnostic were the best performing stock today on the bourse as they both gained 10% to close at N7.7 and N0.22 respectively.
Berger gained 9.8% to close at N21.85 and Conoil recorded 9.74% increase to close at N20.85 while Cornerstone Insurance gained 9.52% to close at N0.69.
Tripple Gee Plc performed negatively as it recorded a 9.38% decline in stock value to close at N0.58 followed by UPDC Real Estates, which lost 8.99% to close at N4.05. Thomas Wyatt plc shed 7.89% to close at N0.35 as UAC Property Development company lost 7.41% to close at N1 while Champion Breweries lost 5.26% to close at N0.9.
Top trades by volume
UBA was the most actively traded stock with trades in 156.01 million units of shares valued at N1.4 billion across 830 deals. Zenith Bank followed with trades in 76.06 million units of shares at N1.89 billion across 889 deals.
Access Bank Plc traded 82.4 million units of shares at N963.7 million across 671 deals. First Bank Holdings traded 69.4 million shares at N524.56 million across 597 deals while Transnational Corporation capped the list with trades in 62.88 million units of shares at N67.61 million across 158 deals.