The trading also increased by over 185.81 per cent.
Trading on the floor of the Nigerian Stock Exchange, NSE, on Wednesday increased by over 185.81 per cent as investors’ staked about N10.22 billion on 852.31 million shares in 4,689 deals.
The volume at the end of trading was against about 298.21 million shares worth N3.90 billion recorded in 4,660 deals on Tuesday.
WAPIC Insurance drove the turnover volume with an exchange of 328.79 million shares valued at about N263.04 million.
The performance of the insurance firm was trailed by Zenith Bank, which accounted for 217.91 million shares worth about N5.11 billion, while GT Bank traded over 93.03 million shares valued at about N2.55 billion.
Learn Africa traded 21.61 million shares worth about N37.62 million, while FBN Holdings exchanged about 21.04 million shares for about N277.24 million.
In spite of the increased transactions, the NSE market indices dropped marginally by 0.15 per cent due to price losses posted by major equities, with the All-Share Index, ASI losing 59.72 basis points, or 0.15 per cent to close at 39,102.77, against 39,162.49 achieved on Tuesday.
Similarly, the market capitalisation, which opened with a balance of about N12.931 trillion, lost about N20 billion, or 0.15 per cent to close at N12.911 trillion.
An analysis of the price movement chart showed that Seplat Petroleum, which listed in the market recently, led the laggards’ chart by about N4, to close at N636 per share.
Guinness Nigeria followed with about N2.93 to close at N178.07, while Conoil depreciated by N2.46, to close at N46.74 per share.
Dangote Cement share value dipped by N2 to close at N221, while Caverton Group, which arrived at the market last week, lost about 92k to close at N8.58 per share.
On the other hand, Nigerian Breweries was the leader of the gainers’ chart by N2.70 to close at N169.20 per share.
Flour Mill and Total increased their share values by N1 each, to close at N70 and N156 per share, respectively.
Oando improved by 79k to close at N16.59, while Eko Transnational International, ETI, garnered 69k to close at N15.50 per share.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...