The Nigerian equity market on Wednesday bounced back from the last two sessions of loses to close higher, buoyed by gains in MTN Nigeria and other 20 stocks in green table, led by Wema Bank Plc.
The All Share Index rose by 0.71% to stand at 47,660.04 points against the previous close of 47,322.97 points on Tuesday.
The market capitalisation closed at N25.959 trillion, grew by N183 billion or 0.71% from the previous close of N25.776 trillion.
Aggregate volume closed at 107 million units, valued at N1.319 billion in 3,227 deals.
Market Breadth
The market breadth closed positive as 21 stocks gained against 9 stocks that declined in their share prices.
Percentage Gainers
Wema Bank with 10.00% growth, led the green table to close at N3.30 from the previous close of N3.00.
UACN, Academy Press and UCAP among other gainers also grew their share prices by 9.95%, 9.45% and 8.10% respectively.
Percentage Losers
Royal Exchange, Redstar Express and Prestige Assurance among others losers shed their share prices by 10.00%, 9.25% and 8.51% respectively.
Volume Drivers
FBNH traded about 12.5 million units of its shares in 153 deals, valued at N139.6 million.
Fidelity Bank traded about 10 million units of its shares in 97 deals, valued at N42 million.
Zenith Bank traded about 8 million units of its shares in 247 deals, valued at N174.5 million.