A rise in financial services shares largely contributed to a 0.26% increase in Nigerian stocks on Wednesday, reversing part of the loss it reported during the previous trading session.
The all-share index closed at 41,249.71 index points, up 105.04 points, while the market capitalization reached N21.5 trillion. The index is up 2.43% year-to-date.
An uptick in FBN Holdings and NGXGroup shares contributed to the broad index’s upbeat performance, with support from a couple of bank stocks.
During 5,998 transactions, 499.5 million shares were traded for N5.1 billion.
In 859 deals, 147.6 million shares of FBN Holdings were traded, valued at N1.8 billion.
Nine transactions worth N215.6 million valued at 105.2 million units were concluded by ETRANZACT.
21 gainers outnumbered 18 laggards in the market breadth. There was no change in price for the other 73 stocks.
Top 5 gainers
Gainers included NGXGroup, which grew by 10% to close at N21.45. GSK closed at N7 with a 6.87% gain. The NPF Microfinance Bank closed at N1.81 up by 5.85%.
In the process, WAPIC advanced by 4.17% to N0.50. FBN Holdings rounded out the top 5 with a gain of 3.83% at N12.20.
Top 5 losers
Prestige was the biggest loser, falling by 8.51% to close at N0.43. At N0.33, Academy fell by 8.33%.
As of N0.55, Consolidated Hallmark lost 8.33%. Cadbury fell to N8, reporting a loss of 5.88%. Union Bank declined by 5.66%.