The Nigerian equities market appreciated by N185bn at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday.
The NSE banking index recorded the highest gain, as it appreciated by 3.16 per cent. This was followed by the NSE industrial, food/beverage and oil/gas indices, which gained 1.08 per cent, 0.84 per cent and 0.40 per cent, respectively.
The NSE insurance index was the only sectors to record a decline, as it dropped by 0.09 per cent.
A total of 386.238 million shares worth N3.303bn were traded in 4,372 deals.
The NSE market capitalisation rose to N11.292tn from N11.107tn, as the All-Share Index closed at 32,667.30 basis points from 32,122.14 basis points.
The ASI advanced by 1.67 per cent, to settle the year-to-date return at 21.53 per cent, after recording a negative performance last week. There were 27 gainers and 21) losers.
United Bank for Africa Plc topped the gainers’ list, advancing by 8.17 per cent, to close at N9. This was followed by NEM Insurance Company Nigeria Plc, Diamond Bank Plc, Fidelity Bank Plc and Forte Oil Plc, which rose by 7.37 per cent, 6.19 per cent, five per cent and five per cent, accordingly.
However, Okomu Oil Palm Plc and Julius Berger Nigeria Plc topped the losers’ chart, to close at N58.49 and N39.45, respectively after shedding 4.99 per cent. This was followed by Unilever Nigeria Plc, Nascon Allied Industries Plc and UPDC Plc, which depreciated by 4.98 per cent, 4.93 per cent and 4.86 per cent, respectively