Transactions on the floor of the Nigerian Exchange on Wednesday closed on a positive note as the share price of Dangote Cement continued its upward journey with 2.22% growth triggered by the Share Buy- Back Programme recently announced by the company.
The All Share Index appreciated by 0.74% to settle at 39,170.95 points from the previous close of 38,881.70 points. Investors gained N151 billion as Market Capitalisation grew by 0.75% to close at N20.417 trillion.
An aggregate of 181.526 million units of shares were traded in 3,217 deals, valued at N3.96 billion.
The Market Breadth closed negative as 25 equities appreciated in their share prices against 6 equities that declined in their share prices.
Percentage Gainers
- Cutix Plc led other gainers with 10% growth to close at N2.53 from the previous close of N2.30.
- Okomu Oil and Union Bank among other gainers also grew their share prices by 9.75% and 9.43% respectively.
Percentage Losers
- Sovereign Trust Insurance led other price decliners as it shed 3.57% of its share price to close at N0.27 from the previous close of N0.28.
- Jaiz Bank and FCMB among other price decliners also shed their share prices by 3.39% and 1.59% respectively.
Volume Drivers
- Zenith Bank traded about 20.76 million units of its shares in 347 deals, valued at N476 million.
- Sterling Bank traded about 19.38 million units of its shares in 102 deals, valued at N31 million.
- Guaranty Trust Bank traded about 15.12 million units of its shares in 236 deals, valued at N432.8 million.