The Nigerian Exchange on Wednesday closed a bullish note, occasioned by 10% growth in the share price of Airtel Africa. The telecom giant closed at N1271, hitting a new 52 weeks high.
The All Share Index appreciated by 1.29% to close at 46,529.99 points from the previous close of 45,939.51 points.
The Market Capitalisation hits N25.073 trillion at the close of trade, up by 1.28% from the previous close of N24.755 trillion. This translates to N318 billion gain by investors.
An aggregate of N328.997 million units of shares were traded in 4,219 deals, valued at N4.82 billion.
The Market Breadth closed firm as 19 equities emerged as gainers against 19 equities that declined in their share prices.
Percentage Gainers
Airtel Africa led other gainers with 10% growth, closing at N1,271 from the previous close of N1,155.50.
Ecobank and Courteville among other gainers also grew their share prices by 9.55% and 9.09% respectively.
Percentage Losers
Cadbury led other price decliners, shedding 9.47% of its share price to close at N8.60 from the previous close of N9.50.
Prestige Assurance and Champion Breweries among other price decliners also shed their share prices by 8.70% and 7.84% respectively.
Volume Drivers
Multiverse traded about 57.6 million units of its shares in 112 deals, valued at N11.89 million.
Mutual Benefit Assurance traded about 48.26 million units of its shares in 65 deals, valued at N12.13 million.
GTCO traded about 36.75 million units of its shares in 371 deals, valued at N936.85 million.