The Nigerian bourse reversed previous day loss as the All Share Index rose by 1.09% on Wednesday to settle at 29,352.13. Consequently, investors gained N128.49 billion as market capitalization ascended to N11.876 trillion, bringing YTD performance to -15.05%.
Activity level was mixed, as volume traded went down by -0.65%, while value traded increased by 31.26% to a total of 671.51 million shares valued at N10.578 billion, in 7,247 deals.
Guaranty Trust Bank was the most traded stock by volume at 177.75 million units, followed by Zenith Bank with 147 million units of trades. Market breadth index was positive as MTNN (10.00%) led 19 gainers, as against 14 losers topped by OKOMUOIL (-8.25%).
Nigerian All Share Index rose as banking stocks boosted the Banking Index by +2.07%, trailed by the Oil & Gas Index +0.84%, and MTNN’S 10.00% price appreciation. However, the Consumer and Industrial Index depreciated by -1.53% and 1.00% respectively, while the Insurance sector lost 0.83%.
[READ MORE: Bears grip Nigerian bourse, ASI Index down 0.71%)
UNITYBNK (+9.52%), GUARANTY (+6.63%), and FIDELITYBK (1.14%) boosted the Banking Index, while OANDO (+9.95%) and ETERNA (+9.90%) closed the Oil & Gas Index North. On the flip side, OKOMUOIL (-8.25%), UACN (-4.00%) and NESTLE (-3.86%) led the laggards in the Consumer Goods Index, as DANGCEMENT (-3.12% ) and AIICO (-4.82%) closed the NSE Industrial and Insurance indices south.
Top gainers
MTNN up 10% close at N104.50, OANDO up 9.95% close at N2.21; PZ up 9.88 % close N4.45, CADBURY up 9.65% close at N6.25, and GUARANTY up 6.63% close at N20.90.
Top Losers
OKOMUOIL down 8.2% to close N55.05 AFRIPRUD Down 7.45% to close at N3.23 UACN down 4% to close at N7.20 NESTLE down 3.86% to N880.00 close at DANGCEM down 3.12% to close at N133.40.
