The bulls engaged the bears in battles on the Nigerian Stock Exchange (NSE) on Wednesday as they forced the market back to the positive position s the market regained 0.80 percent as All Share Index closed at 29,812.91 from the Tuesday closing of 29,575.24 points.
Investors recorded a gain of N82 billion to close at N10.239 trillion, compared with N91 billion lost on Tuesday to close at N10.157 trillion, this brought the NSE’s Year-to-Date (YTD) returns to 4.09 percent.
The market recorded 24 gainers and 18 losers. Wema Bank Plc led the gainers chart with a gain of 8 per cent or 6 kobo to close at 81 kobo per share. Julius Berger Plc followed with a gain of 4.99 per cent or N2.42 to close at N50.93 per share, Berger Paints Plc added 4.92 per cent or 36 kobo to close at N7.67 per share, while Skye Bank Plc and UPL Plc appreciated by 4.81 percent each or 5 and 21 kobo respectively to close at N1.09 and N4.58 per share each.
Fidson Health Care Plc topped the day’s losers with a loss of 6.97 per cent or 17 kobo in its share value to close at N2.27 per share. Ashaka Cement Plc shaved 5.00 per cent or N1.05 to close at N19.95 per share, Champion Breweries Plc closed at N4.46 as it lost 23 kobo representing 4.90 percent
Also, UAC- Property Plc depreciated by 4.89 per cent or 22 kobo to close at N4.28 per share and Transnationwide Express Plc dropped 4.73 per cent or 7 kobo to close at N1.41 per share.
Transnational Corporation of Nigeria Plc was the most active stock for the day as investors exchanged its 52.97 million shares, followed by Access Bank Plc that traded 45.58 million shares, while Guaranty Trust Bank Plc and Nestlé Nigeria Plc top market value list as they traded shares worth N829.1 million and N362.6 million respectively. A total of 305.8 million of shares worth N2.9 billion were exchanged by investors in 4,640 deals.
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