Africa-Press – Nigeria. Oando and other investors raked in a N224 billion gain in a single day as Nigerian Exchange Limited continued a three-day bullish run on Wednesday.
This comes as market capitalisation gained 0.32 percent, closing at N71.118 trillion when compared to N70.894 trillion recorded on Tuesday.
Also, the All-Share Index (ASI) rose 354.25 points, or 0.32 percent, reaching 112,781.73 from 112,427.48 recorded on Tuesday.
Market data showed that the uptrend on Wednesday was driven by strong buying interest in medium- and large-capitalised stocks, including Oando, UH Real Estate Trust, Royal Exchange, Legend Internet, Lasaco Assurance, and 27 other stocks.
Meanwhile, the market breadth closed positive with 32 gainers and 21 losers.
On the gainers table, Oando soared by 10 percent, settling at N51.70, while UH Real Estate Trust increased by 9.96 percent, closing at N50.25 per share.
Royal Exchange rose by 8.64 percent, ending the session at 88k, and Legend Internet gained by 7.27 percent, finishing at N5.90 per share.
Similarly, Lasaco Assurance climbed by 6.67 percent, closing at N3.20 per share.
On the flip side, Nigerian Railway Corporation dropped by 9.89 percent, ending the session at N5.92, while ABC Transport fell by 9.83 percent, settling at N2.66 per share.
Meyer lost by 9.63 percent, closing at N8.45, and Academy declined by 9.58 percent, finishing at N4.53 per share.
Also, livestock feeds shed 6.77 percent, closing at N8.95 per share.
In another level of analysis, a total of 611.53 million shares worth N16.68 billion were traded across 13,682 transactions. This is in contrast to 622.64 million shares worth N16.12 billion traded across 17,044 transactions earlier on Tuesday.
Transactions in the shares of Fidelity Bank topped the activity chart with 93.47 million shares worth N1.78 billion.
Accordingly, Guaranty Trust Holding Company followed with 87.20 million shares valued at N5.95 billion, while Royal Exchange traded 73.08 million shares worth N64.93 million.
United Bank for Africa sold 57.11 million shares valued at N1.97 billion, and Access Corporation transacted 38.76 million worth N854.59 million.
For More News And Analysis About Nigeria Follow Africa-Press
