Investors on NGX gain N142bn Wednesday in bullish trade

At the close of trade on Wednesday, the Nigerian Exchange (NGX) equities market sustained bullish transaction on Tuesday as investors gained N142 billion to close the Market capitalisation at N20.553 trillion from N20.411 trillion it opened the day trading with.

The All-Share index also edged up 0.69 per cent to close at 39,448.46, being 271.84 points higher than Tuesday’s 39,176.62.

The market recorded 20 gainers and 15 losers as the trading session ended with 181.41 million shares valued at N20.08 billion in 3,599 deals.

Pharma-Deko led the gainers table with N0.10k gain to close at N1.19k.It was followed by Neimeth international Pharma with share price appreciation of N0.13k to close at N1.64k,then Ikeja Hotel gained N0.10k to close at N1.40k.

On the flip side, FTN Cocoa processors led the day losers’ chart as it lost N0.04k to close at N0.41k. It was followed by Wema Bank which lost N0.06k to close at N0.76k then May and Baker Nigeria lost N0.30k to close at N4.40k.

Transnational Corporation of Nigeria had the highest volume of traded shares for the day as it traded 20.5 million shares followed by Ecobank Transnational Incorporated with 17.5 million shares.