Stock Market returns green as investors gain N50bn

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Stock Market returns green as investors gain N50bn
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The Nigerian stock market closed Wednesday on a positive note as the All-Share Index appreciated by 0.23 percent to close at 41,051.63 basis points as against 0.07 percent depreciation recorded previously.

At the close of the market, investors booked their first gain of N50.26 billion after consecutive two days negative trading.

At the close of trading for the day, 6,296.00 deals exchanged hands in a trading volume of 649 million valued at N4.61 trillion to close the market cap at N21.52 trillion

Stocks like Lafarge Africa, Ardova, BOC Gas, Northern Nigeria Flour Mills and CAP Plc witnessed increased bargains, which put their prices on a higher trajectory.

Market breadth closed positive as DEAPCAP led 55 gainers as against 14 losers topped by MANSARD at the end of the day’s trading session – an improved performance.

Market turnover closes positive as volume moved up by 23.74 percent as against the 28.91 percent downtick recorded in the previous session.

Mutual Benefit, Transcorp and Sterling Bank were the most active to boost market turnover. WAPCO and Guaranty topped the market value list.

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