The Wednesday’s trading on the floor of the Nigerian stock market closed marginally higher as the investors’ wealth climb further from yesterday’s gains of N26.184 billion to close at N2.186 billion.
The All Share Index grew by 0.01% to settle at 48,571.57 points from the previous close of 48,568.57 points.
An aggregate of 246.7 million units of shares were traded in 5,033 deals, valued at N2.3 billion.
The Market Breadth closed negative as 18 equities emerged as gainers against 23 equities that declined in their share prices.
Percentage Gainers
Academy Press led the gainers’ chart with 9.92% growth to close at N1.33 from the previous close of N1.21.
Wema Bank, CADBURY and UPDC among other gainers also grew their share prices by 9.88%, 9.68% and 9.09% respectively.
Percentage losers
Ikeja Hotel led other price decliners as it shed 9.68% of its share price to close at N1.40 from the previous close of N1.55.
Livestock Feeds and Consolidated Hall Mark among other price decliners also shed their share prices by 9.50% and 9.38% respectively.
Volume Drivers
TRANSCORP traded about 26 million units of its shares in 170 deals, valued at N29.9 million.
WAPCO traded about 15 million units of its shares in 275 deals, valued at N392.7 million.
Fidelity Bank about 13 million units of its shares in 213 deals, valued at N46.7 million.