NSE market capitalisation rallied N158bn in bullish trading

After two days of profit taking, activities on the Nigerian Stock Exchange (NSE) on Wednesday closed upbeat with the market capitalisation growing by N158 billion in a day.
The market capitalisation improved by N158 billion, representing a growth of 1.38 per cent to close at N11.618 trillion against N11.460 trillion on Tuesday, amid increased confidence.
Also, the All-Share Index which opened at 33,141.85 inched 456.35 points or 1.38 per cent to close at 33,598.20.
Seplat recorded the highest price growth to lead the gainers’ table for the day, increasing by N5.50 to close at N465.51 per share.
Unilever came second with a gain of N3.70 to close at N40.70, while Okomu oil improved by N3.18 to close at N66.84 per share.
 
Nigerian Breweries appreciated by N2.90 to close at N160 and Presco advanced by N2.74 to close at N68.89 per share.
 
On the other hand, 7UP led the losers’ pack, shedding N4.20  to close at N90.30 per share.
 
Forte Oil trailed with a loss of N2 to close at N56, while International Breweries was down by N1.44 to close at N28.56 per share.
 
PZ declined by 92k to close at N22.08 and UACN dipped 38k to close at N17.62 per share.
 
Similarly, the volume of shares traded grew by 85.03 per cent with an exchange of 759.05 million shares worth N6.29 billion achieved in 7,357 deals.
 
This was against the 410.22 million shares valued at N5.55 billion transacted in 6,167 deals on Tuesday.
 
FBN Holdings recorded the highest volume of transactions, exchanging 106.36 million shares worth N727.10 million.
 
It was trailed by Transcorp with a total of 99.79 million shares valued at N186.99 million, while Lasaco Insurance sold 99.75 million shares worth N49.88 million.
 
Access Bank exchanged 76.47 million shares valued at N767.05 million and Zenith Bank sold 61.13 million shares worth N1.31 billion.