Equity transactions on the Nigerian stock market, on Wednesday, October 26, reversed the downward spiral that rocked the floor for three straight days.
As 17 stocks appreciated, market capitalisation scooped N8 billion to close at N9.315 trillion., while the All Share index gained 21.87 absolute points, representing a growth of 0.08 per cent to close at 27,120.39 points.
The positive run on the bourse was driven by price appreciation recorded in some large capitalised stocks which include, Unilever, Beta Glass, Nigerian Breweries, ETranzact and Dangote Sugar.
ETranzact recorded the highest price gain of 10.11 per cent, to close at N5.12 per share. Learn Africa gained 4.92 per cent to close at 64 kobo and Unilever gained 4.60 per cent to close at N48.01 per share.
Dangote Sugar went up by 4.50 per cent to close at N6.50, while African Prudential appreciated by 4.42 per cent to close at N2.60 per share.
On the flip sideJulius Berger and UACN led the losers’ chart by five per cent each, to close at N28 and N18.43 per share, respectively. Also, Capital hotel declined by 4.89 per cent to close at N2.50 per share.
Livestock shed 4.88 per cent to close at 78 kobo and ikeja Hotel declined by 4.86 per cent each to close at N1.76 per share.
Transactions in the shares of FBN Holdings topped the activity chart with 53.81 million shares valued at N161.45 million. Unilever followed with 14.29 million shares worth N685.72 million, while Transcorp traded 11.55 million shares valued at N11.58 million.
UBA traded 11.29 million shares worth N47.43 million, while Access Bank sold 11.19 million shared valued N63.22 million.
The total volume traded also appreciated by 41 per cent to 159.99 million shares, valued at N1.74 billion, and traded in 2,396 deals.
