Equity trading at the Nigerian Stock Market, on Wednesday, August 24, made modest recovery after a brief bear run which had halted the positive trend on the bourse.
As such, market capitalisation, which is the total market value of all publicly quoted firms on the NSE, leaped by N24.1 billion to close at N9.575 trillion compared to N611.2 million lost previously to close at N9.551 trillion.
Forte Oil recorded the highest price gain to lead the gainers’ table, growing by N8.5 to close at N178.6 per share. Nigerian Breweries trailed closely behind with a gain of N1.42 to close at N141.75.
Dangote Cement appreciated by 50k to close at N180.5 per share. GTBank leaped by 36k to close at N26.26, while ETI rose by 26k to close at N11.45 per share.
Conversely, Nestle topped the losers’ chart, dropping by N10 to close at N825 per share followed by Zenith Bank with a loss of 17k to close at N15.59 and Access Bank shed 15k to close at N5.65 per share. Diamond Bank also shed 11k to close at N1.12 and Champion dropped 9k to close at N2.66 per share.
In all, the volume of shares traded closed higher with an exchange of 230.29 million shares valued at N2.96 billion transacted in 3,002 deals in contrast with 182.25 million shares worth N2.93 billion traded in 3,113 deals on Tuesday.
