The duo of Multiverse and Royal Exchange topped the gainers’ chart of the Nigerian Exchange (NGX) Limited on Wednesday after gaining 10.00 per cent each to settle at N9.90 and N1.54, respectively.
According to data, the bourse, which further gained 0.99 per cent at midweek, finished with 39 appreciating stocks and 32 depreciating stocks, indicating a positive market breadth and strong investor sentiment.
Further, Berger Paints grew by 9.97 per cent to N37.50, Dangote Sugar expanded by 9.97 per cent to N71.15, and NPF Microfinance Bank improved by 9.97 per cent to N3.42.
However, Abbey Mortgage Bank lost 10.00 per cent to trade at N6.48, FTN Cocoa depreciated by 10.00 per cent to N6.30, LivingTrust Mortgage Bank shed 9.97 per cent to close at N6.59, Sunu Assurances slipped by 9.61 per cent to N4.14, and Consolidated Hallmark declined by 7.78 per cent to N3.20.
Fidelity Bank dominated the activity chart after it traded 90.4 million equities valued at N1.9 billion, Access Holdings transacted 43.1 million shares for N1.2 billion, UAC Nigeria sold 33.0 million stocks worth N2.1 billion after news of its acquisition of CHI Limited from Coca-Cola, Universal Insurance exchanged 32.3 million equities valued at N26.1 million, and FCMB exchanged 31.8 million stocks worth N328.4 million.
At the close of trades, investors bought and sold 922.0 million shares valued at N35.4 billion in 36,423 deals compared with the 940.8 million shares worth N30.6 billion traded in 28,358 deals in the preceding session, representing an improvement in the trading value and number of deals by 15.69 per cent, and 28.44 per cent, respectively, and a shortfall in the trading volume by 2.00 per cent.
Yesterday, the All-Share Index (ASI) finished higher by 1,365.80 points to 139,278.67 points from 137,912.87 points and the market capitalisation grew by N864 billion to N88.055 trillion from N87.191 trillion.