Lagos: The Nigerian stock market extended its winning streak on Wednesday, rising 0.11% as investors piled into select equities, lifting the overall market value by ₦141 billion.
Investor demand for stocks such as Legend Internet, Zichis Agro Allied Industries, Premier Paints, John Holt, Consolidated Hallmark and 27 other equities pushed the market into positive territory.
Specifically, market capitalisation gained N141 billion, or 0.11 per cent, rising from N128.836 trillion at opening to N128.977 trillion at close.
Similarly, the All-Share Index rose by 219.87 points, or 0.11 per cent, from 200,705.88 to 200,925.75.
Consequently, the Year-to-Date (YTD) return climbed to 29.12 per cent.
Gainers and losers each numbered 32, leaving market breadth flat.
Legend Internet led the gainers’ chart by 10 per cent, ending the session at N7.26; Premier Paints and Zichis Agro Allied Industries followed with 9.93 per cent each, closing at N31 and N11.40 per share, respectively.
Also, John Holt climbed by 9.79 per cent, finishing at N15.70, while Consolidated Hallmark Holdings soared by 6.26 per cent, settling at N5.26 per share.
On the flip side, Fidson Healthcare led the losers’ chart by 9.97 per cent, finishing at N94.85; Austinlaz trailed by 9.89 per cent, ending the session at N4.01.
Livingtrust Mortgage Bank lost 7.08 per cent, closing at N4.46 per share.
Similarly, Secure Electronics Technology went down by 7.04 per cent, settling at N1.32, while Sterling Nigeria dropped by 5.56 per cent, closing at N7.65 per share.
Market activity declined as traders exchanged 537.99 million shares, a 58.34 per cent drop, worth N25.39 billion in 45,641 deals.
Wema Bank led trading volume, exchanging 104.33 million shares, or 19.39 per cent of the day’s total volume.
MTN Nigeria recorded the highest value traded at N19.39 billion, representing 29.68 per cent of the day’s total value.
