The Nigerian stock market gained for the second consecutive session as market capitalisation increased by N153 billion to close at N27.697 trillion from N27.544 posted on Tuesday.
Also, the All-Share Index (ASI) ended 0.56 per cent stronger to close at 51,377.21 points from 51,091.75 recorded on Tuesday.
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The performance was primarily driven by sustained rebounds in large capitalised stocks such as First Bank of Nigeria (FBNH), Stanbic Bank, Bua Foods, Dangote Cement, MTN Nigeria, among others.
As a result, the ASI Year-to-Date (YTD) increased to 20.28 per cent.
Market breadth closed positive as 17 stocks appreciated while 16 declined.
EllahLake recorded the highest price gain of 10 per cent to close at N4.40 per share. On the other hand, Northern Nigerian Flour Mill (NNFM) led the losers’ chart by 9.91 per cent to close at N9.55 per share.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 16.68 per cent.
A total of 229.37 million shares valued at N3.2 billion were exchanged in 4,536 deals.
