Equity transactions at the Nigerian Stock Market on Wednesday, September 7, halted an intense bear run that had dominated the floor for two consecutive trading session.
Following the recovery, market capitalisation soared by 0.07 per cent to close at N9.454 trillion against N9.447 trillion achieved on Tuesday.
Investors gained N6.5 billion as Market Capitalisation closed at N9.454 trillion against a decline of N69.8 billion recorded previously when market capitalisation closed at N9.448 trillion.
Guinness recorded the highest price gain to lead the gainers’ table, growing by N1.88 to close at N97.85 per share. Seplat followed closely behind with a gain of N1.87 to close at N320.2.
Lafarge Wapco appreciated by N1.7 to close at N58 per share. Unilever increased by N1.01 to close at N40.04 and Nigerian Breweries up by 19k to close at N140.2 per share.
On the other hand, 7UP topped the losers’ chart, dropping by N7.24 to close at N137.66 per share. Forte oil trailed with a loss of N6.94 to close at N165.06 per share.
Total Oil shed N1 to close at N240, while Mobil Oil dipped by 72k to close at N170.06 and UACN went down by 7k to close at N20.8 per share.
At the end of trading, the volume of shares traded closed higher with an exchange of 295.71million shares valued at N3.59 billion transacted in 3,709 deals. This was in contrast with the 1796.78 million shares worth N1.89 billion traded in 3,682 deals on Tuesday.
