Trading activities on NGX close flat
The Nigerian Exchange Ltd. closed trading on Wednesday flat, with the benchmark index closing at 51,953.41 points, down from 51,952.99 on Tuesday.
The All Share Index closed slightly higher at 51,953.41 points, up from 51,952.99 points on Tuesday.
In addition, the market capitalisation closed at N28.3 billion once more.
Gains in medium and large-cap stocks, such as Dangote Sugar Refinery, Berger Paints, Multiverse Mining and Exploration, Skyway Aviation Handling Company, and International Breweries, contributed to the slight uptick.
Market sentiment was positive, as measured by market breadth, with 17 stocks gaining versus 11 losers.
Skyway Aviation Handling Company had the highest price gain of 10%, closing at N5.50 per share.
Associated Bus Company followed with a 9.68% gain to close at 34k, and Berger Paints gained 8.57% to close at N7.60 per share.
International Breweries increased 7.41 percent to N4.35, while Multiverse Mining and Exploration increased 4.17 percent to N2.50 per share.
Royal Exchange, on the other hand, led the losers' chart by 10%, closing at $54,000 per share.
Champion Breweries fell 9.84 percent to close at N4.58, while Computer Warehouse Group (CWG) fell 7.53 percent to close at N86k per share.
Mutual Benefits Assurance fell 5.88 percent to 32k, while Nigerian Exchange Group fell 4.23 percent to N24.90 per share.
Furthermore, the total volume traded fell by 85.2% to 255.161 million units valued at N1.787 billion and traded in 3,890 transactions.
Transnational Corporation (Transcorp) transactions topped the activity chart with 117.529 million shares valued at N163.057 million.
Fidelity Bank was second, with 38.031 million shares worth N200.387 million, and United Bank for Africa was third, with 19.816 million shares worth N169.194 million.
Zenith Bank exchanged 11.385 million shares worth N290.036 million, while Royal Exchange exchanged 5.933 million shares worth N3.263 million.
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