For two straight consecutive sessions this week, Ikeja Hotel has led other percentage gainers on the floor of the Nigerian Stock Exchange; beginning from Tuesday with 9.68% price appreciation and Wednesday with 9.8% growth.
Trading activities closed red as the All Share Index declines 0.25% to close at 40,150.55 points below the previous close of 40,249.29 points of Tuesday.
Market capitalization also declined by 0.25% to settle at N14.544 trillion as against N14.580 trillion of the last trading session, shedding N36 billion.
Other market indicators showed the aggregate volume of traded stocks declined by 5.18% while the total value of traded stocks appreciated by 14.23%, settling at 266.703 million units and N4.674 billion respectively.
The market breadth closed weak as 15 stocks gained while 28 lost.
Ikeja Hotel led other percentage gainers closing 9.80% above the previous close of N2.04, to settle at N2.24
MRS grew 4.87% and First Aluminum grew 4.55% ahead other stocks like Niger Insurance, John Holt and Mutual Benefits.
UACN tops the losers’ chart losing 8.52% of its share price, while CHAMS, C&I Leasing and Unity bank shed 5%, 4.93% and 4.90% respectively.
Ikeja Hotel traded 45.8 million units of its shares while Zenith traded about 20.1 million units in 354 deals, valued at about N560 billion.