The nation’s equity market on Wednesday remained on positive direction gaining N992 billion following gains recorded by medium and large stocks.
Market capitalisation of listed equities increased by N3.12 per cento N32.662 trillion from N31.670 trillion reported the previous day.
The NGX All Share Index also appreciated by 1821.55 basis points to 59985.10 points from 58173.55 points reported the previous day.
The market gain was driven by price appreciation in large and medium capitalised stocks among which are; MTN Nigeria, Seplat Energy, FBNHoldings, Dangote Sugar among others.
A review of the investment during the day showed that Seplat Energy, FBNHoldings and Dangote sugar recorded 10 per cent gainers to close at N1230.00, N15.95 and N25.30 per share respectively.
MTN Nigeria Plc and Sterling Bank also gained 10 per cent each to close at N284.90 and N2.75 per share respectively.
On the contrary, Pharm Deko topped losers chart, declining by 9.65 per cent to close at N2.06 per share, CWG trailed with a drop of 9.44 per cent to close at N1.63 per unit, Northern Nigeria Flour Mills Nigeria Plc fell by 8.66 per cent to close at N12.65 per share, BuaCement dipped by 6.52 per cent to close at N86.00 per unit, Ardova Plc down by 5.06 per cent to close at N16.90 per share.
However Volume of trades increased by 110 million, representing 9.27 per cent growth as investors traded 1.296 million shares valued at N21.080 billion in 11947 deals against 1.186 billion shares worth N19.225 billion exchanged hands the previous day in 10369deals.
Transactions in the shares of United Bank for Africa led market activity with 230.764 million shares valued at N2.744 billion, GTCO Plc followed with account of 125.469 million worth N4.204 billion, Zenith Bank traded 119.143 million shares valued at N3.971 billion, AccessCorp traded 92.792 million shares cost N1.449 billion while Fidelity Bank traded 75.620 million shares valued at N494.143 million.