A total of 759.046 million shares valued at N6.295bn exchanged hands in 7,357 deals.
The NSE capitalisation soared to N11.618tn from N11.46tn, while the All-Share Index settled at 33,598.20 basis points from 33,141.85 basis points.
May & Baker Nigeria Plc topped the gainers’ list for the second day in a row, advancing by 10.20 per cent, to close at a year high of N3.78, and settle the year-to-date return at 302.13 per cent.
Ashaka Cement Plc, Unilever Nigeria Plc, Unity Bank Plc and Skye Bank Plc followed, appreciating by 10.18 per cent, 10 per cent, 8.86 per cent and 8.62 per cent, accordingly.
However, International Breweries Plc slid by 4.80 per cent, thus topping the losers’ chart, to close at N28.56. This was trailed by Cutix Plc, 7UP Bottling Company Plc, PZ Cussons Nigeria Plc and Sterling Bank Plc, which depreciated by 4.62 per cent, 4.44 per cent, four per cent and 3.60 per cent, respectively.
All the NSE Indices recorded appreciations in the order of banking, insurance, oil/gas, food/beverage and industrial goods, which appreciated by 2.92 per cent, 1.55 per cent, 1.28 per cent, 1.03 per cent and 0.83 per cent, accordingly.
Commenting on Wednesday trading results, analysts at Meristem Securities Limited, in an email post, said, “After a slight hiccup in the first two trading days of the week, the Nigerian equities market recorded a positive performance as bullish activities were witnessed on most large-cap tickers.
“We however note that there were still profit taking activities on some counters that had gained in the market’s recent rally.” SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>