Nigerian bourse continues positive run gaining N117bn Wednesday.

The positive run that the Nigerian Exchange Limited has been witnessing since the advent of the current administration continued on Wednesday as the market capitalization of equities saw a gain of N117 billion to close at N32.302 trillion, a 0.36% gain compared to the N32.185 trillion recorded in the previous trading session.

Also, the All-Share Index (ASI) traded 0.36% higher to close at 59,323.95 index points as against 59,110.02 index points recorded in the previous day’s trading session.

Market breadth closed positive as Afromedia Plc (10.00%) led gainers, Jaizbank (-10.00%) led losers while Universal Insurance Plc was the most traded equity – by volume – at the end of today’s session.

Trading volume also increased by +9.2% from the previous day’s session as 643.03 million units of shares were traded today.

The top-five gainers was led by AFROMEDIA gained 10.00% to close at N0.22 per share; followed by ETRANZACT which gained 9.91% to close at N5.88 per share; FTNCOCOA gained 9.88% to close at N1.78 per share; NEIMETH gained 9.88% to close at N1.78 per share; UNITYBNK gained 9.76% to close at N1.35 per share

On the flip side, the top-five losers for the day were JAIZBANK which was down by -10.00% to close at N1.53 per share; MEYER was down by -9.88% to close at N2.19 per share; IKEJAHOTEL was down by -9.86% to close at N3.20 per share; TANTALIZER was down by -9.09% to close at N0.20 per share; CADBURY was down by -9.04% to close at N17.10 per share