Trading on NGX closes positive, indices up by 0.12%

The Nigerian Exchange Ltd. (NGX) on Wednesday gained N32 billion, or 0.12 per cent, as market capitalisation closed at N26.947 trillion as against N26.915 trillion on Tuesday.

Also, the All-share index gained 59.25 points or 0.12 per cent to close at 49,475.43 from 49, 416.18 recorded on Tuesday.

Market breadth closed positive as 21 stocks were on the leader’s table, while 11 were on the laggard’s log.

UPL led the gainers’ chart in percentage terms by 9.83 per cent to close at N1.90 per share.

Thomas Wyatt followed with 9.68 per cent to close at 68k, while African Prudential rose 9.35 per cent to close at N5.85 per share.

Champion Breweries appreciated by 4.88 per cent to close at N4.30, while Chams garnered 4.76 per cent to close at 22k per share.

On the other hand, Japaul Gold and Ventures dominated the losers’ chart in percentage terms with 3.7 per cent to close at 28k per share.

Mutual Benefits followed with 3.45 per cent to close at 28k, while FTN Cocoa Processors declined by 3.33 per cent to close at 29k per share.

Wema Bankblost by 2.73 per cent to close at 21k, while WAPIC depreciated by 4.69 per cent to close at 70k per share.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 89.87 per cent

A total of 411.15 million shares valued at N6.35 billion were exchanged in 2,992 deals.