Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, August 24, resumed movements North with lead market indices rebounding by 0.25 per cent.
Specifically, the All-Share Index recorded a marginal leap, appreciating by 70.18 points or 0.25 per cent to close at 27,880.46 compared with 27,810.28 recorded on Tuesday, August 23, trimming the year to date losses to -2.66 percent.
Market breadth closed with 17 gainers to 17 losers, as Wema Bank Plc led the day’s 17 advancing stocks having improved by 9.38 percent or 6 kobo to close at 70 kobo per share.
Fidson Healthcare Plc followed with a growth of 5 percent or 8 kobo to close at N1.68 per share, Forte Oil Plc also gained 5 percent or N8.50 to close at N178.60 per share, BOC Gases Plc gained 4.85 percent or 18 kobo to close at N3.89 per share and Eco Transnational Incorporated Plc appreciated by 2.32 percent or 26 kobo to close at N11.45 per share.
On the flip side,Diamond Bank Plc led the day’s retreating stocks having dropped by 8.94 percent or 11 kobo to close at N1.12 per share, May & Baker Plc lost 7.34 percent or 8 kobo to close at N1.01 per share.
FCMB Plc shed 5 percent or 6 kobo to close at N1.14 per share, Academy Press Plc declined by 5 percent or 3 kobo to settle at 57 kobo per share, and Honeywell Flourmills Plc depreciated by 4.29 percent or 6 kobo to close at N1.34 per share.
Transcorp drove the turnover volume, having accounted for 36.18 million shares valued at N41.01 million. It was followed by FBN Holdings with a total of 29.52 million shares worth N611.21 million and GTBank sold 25.12 million shares valued at N472.28 million.
The total value of stocks traded on the floors of The NSE on Wednesday amounted to N2.95 billion, while a total of 230.3 million shares exchanged hands in 3,002 deals.
