Lead Indicators of Nigerian equities market segment rose by 3.79 per cent bringing the All Share Index 1,014.59 points higher to close at 27,777.83 points, while market capitalization added N351.5 billion to close at N9.6 trillion on Wednesday.
The NSE Premium Index topped the sectoral indices as it appreciated by 7.2 per cent due to gains sustained by Dangote Cement which added 8.59 per cent and FBN Holdings which appreciated by 7.61 per cent. Conversely, the NSE Banking Index was the sole index loser for the day dropping 0.1 per cent as a result of losses incurred by Zenith Bank (1.06 per cent), Guaranty (0.60 per cent).
Market breadth closed positive with 33 gainers pitched against 9 losers. Top three gainers were Dangote Cement, with an increase of 8.59 per cent or N13.05 to close at N164.95 per share followed by Nigeria Breweries Plc., which added 7.83 per cent or N9.00 to close at N124 per share, while FBN Holdings Plc., gained 7.61 per cent or 36 kobo to close at N5.09 per share.
On the flip side, E-tranzact Plc topped the losers chart with a decline of 5.00 per cent or 16 kobo to close at N3.04 per share, followed by Nigerian Aviation Handling Company Plc., which depreciated by 4.99 per cent or 18 kobo to close at N3.43 per share, while Transcorp Hotels Plc., dropped 4.92 per cent or 30 kobo to close at N5.80 per share.
At the end of the day’s transactions, investors on the Nigeria Stock Exchange had in 2,559 deals exchanged a total of N1.4 billion shares worth N1.95 billion against N1.3 billion shares worth N3.6 billion exchanged in 2,455 deals previously.
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