Trading at the Nigerian Stock Exchange (NSE) Wednesday saw key market indicators sustain positive movement, appreciating by 0.50 per cent following the announcement of the monetary policy rate cut to 11.5 per cent.
Market capitalization rose by N67 billion to close at N13.474 trillion against N13.407 trillion recorded on Tuesday.
The NSE All-Share Index also closed higher by 128.12 points or 0.50 per cent to close at 25,783.02 from 25,654.90 achieved on Tuesday.
The performance was supported by bargain buying in MTN Nigeria Communications, Nigerian Breweries, Seplat, Mobil and Flour Mills.
UACN Property grew by 5.26 per cent to close at N1, while Seplat appreciated by 3.90 per cent to close at N400 per share.
The performance was supported by bargain buying in MTN Nigeria Communications, Nigerian Breweries, Seplat, Mobil and Flour Mills.
UACN Property grew by 5.26 per cent to close at N1, while Seplat appreciated by 3.90 per cent to close at N400 per share.
21 Equities featured on the gainers’ chart in contrast to 14 on the losers’ chart.
Top gainers include International Breweries and Prestige Assurance rising by 10 per cent each to close at N3.60 and 60k per share, respectively.
Conversely, Associated Bus Company led the losers chart losing 9.09 per cent to close at 30k per share.
Overall,total volume of trades increased by 58.1% to 414.16 million units, valued at NGN6.28 billion and exchanged in 3,793 transactions. STERLNBANK was the most traded stock by volume at 85.20 million units, while MTNN was the most traded stock by value at NGN3.13 billion.
