The Nigerian stock market on Wednesday bounced back to a bullish mode as the All Share Index appreciated by 2.88% to close at 145,503.83 points from the previous close of 141,327.30 points.
The Market Capitalisation grew by 2.88% to close at N92.478 trillion from the previous close of N89.885 trillion, thereby gaining N2.593 trillion.
An aggregate of 806 million units of shares were traded in 24,509 deals, valued at 50.8 billion.
The Market Breadth closed positive as 63 equities emerged as gainers against 11 equities that declined in their share prices.
Percentage Gainers
Royal Exchange, MANSARD, OANDO, ACCESSCORP, Nigerian Breweries, PZ, Zenith Bank, GTCO, Ecobank, Sovereign Trust Insurance and WAPIC led the long gainers chart with 10.00% growth each from their previous close.
NAHCO and NASCON also grew their share prices by 9.99% and 9.98% respectively.
Percentage Losers
VITAFOAM, AUSTINLAZ and Transcorp Power led other price decliners as they shed 10.00% each of their share prices to close the day lower
Redstar Express and Transcorp Power among other price decliners also shed their share prices by 9.80% and 9.72% respectively.
Volume Drivers
GTCO traded about 105 million units of its shares in 1074 deals, valued at N8.99 billion.
Zenith Bank traded about 87 million units of its shares in 698 deals, valued at N5 billion.
STANBIC traded about 44 million units of its shares in 254 deals, valued at N4.6 billion.