Investors on Nigeria’s bourse gain N991.7bn Wednesday as the market hits 15-year high

The market capitalization of the Nigeria Exchange Limited recorded 3.13 per cent growth at the close of market transactions on Wednesday, June 14, 2023. This was the highest in the last 15 years, that was March 3, 2008

In monetary values, investors on The Exchange gained N991.7 billion as the market value rose from N31.67 trillion to N32.66 trillion after five hours of trading.

Similarly, the All-Share Index increased by 1,821.513 basis points to close at 59,985.1, up from 58,163.59 with which the market closed on Tuesday.

According to data from the Nigerian Exchange Limited (NGX), the last time the ASI reached this level was on March 3, 2008, when it hit 66,162.17 index points.

Investors traded 1.29 billion shares valued at N21.08 billion in 11,947 deals on the day, higher than 1.18 billion shares worth N19.22 billion traded by shareholders in 10,369 deals the previous day.

International Breweries led the gainers’ chat with a N0.50 kobo par share appreciation, moving from N5 to N5.50 kobo per share.

Sterling Bank followed as its par share value rose by N0.25 kobo to end the day trading at N2.75 kobo from N2.50 kobo per share with which it began the day trading.

Transcorp Hotel gained N1.10 kobo to move from N11 to N12.10 kobo per share, even as Dangote Sugar gained N2.30 kobo to close at N25.30 kobo, from the opening price of N23 per share. Seplat’s share price added N120, moving from N1200 to N1320 per share.

On the losers chat, Pharmadeko was the leader after shedding N0.22 kobo to drop from N2.28 kobo to N2.06 per share. CWG’s share price dropped by N0.17 kobo to end trading at N1.63 kobo from N1.80 kobo per share with which it entered the market.

NNFM recorded a loss of N1.20 kobo to end trading with N12.65 kobo from N13.85 kobo per share. BUA Cement’s share price dropped from N92 to N86 per share after losing N6 during the day trading. Ardova lost N0.90 kobo to drop from N17.80 kobo to N16.90 kobo per share.

UBA was the most active stock as it led the day’s trading with 230.76 million shares valued at N2.74 billion. It was followed by GTCO with 125.46 million shares worth N4.20 billion.

Zenith Bank sold 119.14 million shares worth N3.97 billion. Access Corporation traded 92.79 million shares valued at N1.44 billion, while Fidelity Bank sold 75.62 million shares valued at N494.14 million.