The Nigerian stock market closed on Wednesday higher in a yet another significant bullish session, making it back to back gains in the first two days of trading in the year 2024.
The All Share Index rose by 2.04% to close at 77,537.57 points away from the previous close of 75,990.88 points.
Market capitalisation on Wednesday grew by 2.04% to close at N42.430 trillion away from the last close of N41.583 trillion on Tuesday, adding N847 billion.
An aggregate of 927.6 million units of shares were traded in 11,629 deals, valued at N10.69 billion.
Market Breadth
The market Breadth closed positive as 78 stocks gained while 7 stocks declined in their share prices.
Percentage Gainers
MORISON, University Press, Berger Paints, UBA, CUSTODIAN, Ikeja Hotel, INFINITY MORTGAGE, Dangote Sugar, FCMB, NASCON and Cornerstone Insurance led the green table, gaining 10.00% each of their share prices.
MULTIVERSE, Transcorp Hotel, TRANSCORP and ACCESSCORP ahead of 63 other stocks gained over 9.97% of their share prices.
Percentage Losers
LEARNAFRICA led price decliners’ chart as it shed 9.09% of it share price to close at N2.90 from the previous close of N3.19.
Champion Breweries and C & I Leasing among few other price decliners shed their share prices by 7.32% and 2.33% respectively.
Volume Drivers
Fidelity Bank traded about 108 million units of its shares in 473 deals, valued at N1.3 billion.
FCMB traded about 79 million units of its shares in 440 deals, valued at about N4644 million.
UBA traded about 55.5 million units of its shares in 634 deals, valued at about N1.5 billion.