Investors on NSE gain N517bn on Wednesday

Highly capitalised equities posted huge gains on the Nigerian Stock Exchange (NSE) on Wednesday to sustain three-day with the market capitalisation growing by N517 billion.

The market capitalisation appreciated by N517 billion or 3.06 per cent to close at N14.880 trillion as against N14.363 trillion on Tuesday.

Also, the All-Share Index grew further appreciating by 1,453.14 points or 3.06 per cent to hit 41,816.11 as against 40,362.97 on Tuesday.

Dangote Cement led the gainers’ table, adding N9.50 to its opening value to close at N247 per share even as the Nigerian Breweries followed with a gain of N6 to close at N146, while Conoil gained N3.48 to close at N37.51 per share.

International Breweries appreciated by N3.01 to close at N60, while Beta Glass added N2.56 to close at N53.87 per share.

Guinness topped the losers’ chart, shedding N1.80 to close at N100.20 per share as it was followed by UAC Property with a loss of 3k to close at N3, while Fidelity Bank was down by 2k to close at N2.92 per share.

The volume of shares traded closed upbeat as investors traded 1.09 billion shares valued at N13.29 billion in 8,025 deals which was in contrast with 770.89 million shares worth N7.89 billion transacted in 7,395 deals on Wednesday.

Transcorp drove the activity chart trading 184.73 million shares valued at N365.27 million.

Diamond Bank came second with 136.61 shares worth N314.53 million, while Access Bank traded 121.96 million shares valued at N1.44 billion.

Fidelity Bank exchanged 86.03 million shares worth N259.96 million, while FBN Holdings traded 72.47 million shares valued at N770.42 million.