Lagos: The stock market continued on a positive note on Wednesday, as performance indices grew by 0.70 per cent amid increased buying interest and bargain hunting.
Similarly, the All-Share Index (ASI) also increased by 1,017.49 points, or 0.70 per cent, to settle at 145,813.86 as against Tuesday’s 144,796.37.
The gain was driven by strong buying interest in medium and large-capitalised stocks like: Meyer Plc, Guinness Nigeria, Learn Africa, AXA Mansard, Mutual Benefits Assurance, and 49 others.
Meanwhile, the market breadth also closed positively with 54 gainers and 26 losers.
Guinness Nigeria led the gainers’ table, increasing by 10 per cent, settling at N128.75, while Meyer Plc also rose by 10 per cent, finishing at N18.15 per share.
Learn Africa grew by 10 per cent, closing at N6.27, and AXA Mansard also gained by 10 per cent, ending the session at N12.10 per share.
Similarly, Mutual Benefits Assurance soared by 10 per cent, closing at N2.42 per share.