The Nigerian stock market extended its bullish rally on Wednesday, rising by 0.11 per cent as investors gained N141 billion.
Sustained investor interest in stocks such as Legend Internet, Zichis Agro Allied Industries, Premier Paints, John Holt, Consolidated Hallmark and 27 other equities drove the market into positive territory.
Specifically, market capitalisation increased by N141 billion, or 0.11 per cent, from an opening of N128.836 trillion to N128.977 trillion at the close of trading.
Similarly, All-Share Index rose by 219.87 points, or 0.11 per cent, from 200,705.88 to 200,925.75.
This led to the Year-to-Date (YTD) return climbing to 29.12 per cent.
Meanwhile, the market breadth closed flat with 32 gainers and 32 losers.
Legend Internet led the gainers’ chart by 10 per cent, ending the session at N7.26, Premier Paints and Zichis Agro Allied Industries followed by 9.93 per cent each, closing at N31 and N11.40 per share respectively.
Also, John Holt climbed by 9.79 per cent, finishing at N15.70 while Consolidated Hallmark Holdings soared by 6.26 per cent, settling at N5.26 per share.
On the flip side, Fidson Healthcare led the losers’ chart by 9.97 per cent, finishing at N94.85, Austinlaz trailed by 9.89 per cent, ending the session at N4.01.
Livingtrust Mortgage Bank fell by 7.08 per cent, closing at N4.46 per share.
Similarly, Secure Electronics Technology went down by 7.04 per cent, settling at N1.32 while Sterling Nigeria dropped by 5.56 per cent, closing at N7.65 per share.
Market activity declined, with total traded volume dropping by 58.34 per cent to 537.99 million shares, valued at N25.39 billion across 45,641 deals.
Wema Bank recorded the highest volume of trades, with 104.33 million traded shares, representing 19.39 per cent of the day’s total volume.
MTN Nigeria led in value, with transactions worth N19.39 billion, accounting for 29.68 per cent of the total value traded for the day.
