The gaining streak persisted in Wednesday’s trade as the benchmark index advanced 1.9 per cent to close at 33,268.36 points on the back of gains in MTNN (+2.4%), Nigerian Breweries (+9.5%) and BUA Cement (+2.4%).
Consequently, investors gained ₦324.6 billion as market capitalisation rose to ₦17.4 trillion while year to date return improved to 23.9%.
Meanwhile, activity level surged as volume and value traded increased by 48.3% and 17% to 858.2 million units and ₦9.1bn respectively.
The most traded stocks by volume were FBNH (145.1m units), Transcorp (126.3m units) and Zenith (60.8m units) while Zenith (₦1.5bn), GTB (₦1.2bn) and Dangote Cement (₦1.1bn) led by value.
Performance remained positive for all the 6 indices under review. The Banking and Consumer Goods indices advanced 4.1% and 2.6% to lead the gainers. It was stimulated by price rise in Zenith (+4.5%), GTB (+2.9%), and Nigerian Breweries (+9.5%).
Similarly, the AFR-ICT and Oil & Gas indicators advanced 1.4% and 1.3% on account of buying interest in MTNN (+2.4%), OANDO (+9.8%) and ARDOVA (+3.8%).
The Insurance and Industrial Goods indices strengthened by 1.2% and 1.1% as investors positioned in Cornerstone (+3.3percent), WAPCO (+3.8 percent) and BUA Cement (+2.4 percent).
Neimeth, Fidson, Sterling and Guinness were the top gainers while LEARNAFR, CIleasing and Stanbic led the decliners.
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