On Wednesday, the Nigeria stock Exchange (NSE) posted first week gain with the market capitalisation rebounding by sum of N135 billion, amid renewed investor interest.
Speficially, the market capitalisation inched higher by N135 billion or 1.04 per cent to close at N13.115 trillion against N12.980 trillion on Tuesday.
All share index (ASI) increased by 257.78 points or 1.04 percent to close at 25,141.48 compared with 24,883.70 achieved on Tuesday.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Seplat, Airtel Africa, Presco, Okomu Oil and Guinness.
The Chief Operatig Officer Invest Data Ltd, Mr Ambrose Omordion, attributed the rebound to investors and traders positioning in anticipation of interim dividend payment by some companies.
so far, the market breath closed positive with 18 gainers and 11 losers, while Seplat led the gainers chart in percent terms, gaining 10 percent to close at N385 per share.
Cadbury followed with 9.93 per cent to close at N7.75, while Airtel Africa appreciated by 9.20 per cent to close at N380 per share.
Prestige Assurance improved by 8.89 per cent, to close at 49k while Neimeth International appreciated by 8.11 per cent to close at N2 per share.
Conversely, Champion Breweries dominated the losers’ chart in percentage terms, declining by 9.30 per cent to close at 78k.
Consolidated Hallmark Insurance came second with a loss of 8.11 per cent, to close at 34k per share.
Sunu Assurances Nigeria and Mutual Benefits Assurance shed 4.76 per cent each to close at 20k per share, respectively.
Access Bank lost 2.29 per cent to close at N6.40 per share.
However, the total volume dropped marginally as investors bought and sold 204.88 million shares worth N3.83 billion in 3,636 deals.
This was against 206.61 million shares valued at N2.48 billion shares transacted in 3,925 deals on Tuesday.
Transactions in the shares of Guaranty Trust Bank topped the activity chart with 66.25 million shares worth N1.65 billion.
Access Bank followed with 24.01 million shares valued at N155.81 million, while Zenith Bank accounted for 15.21 million shares worth N255.33 million.
FBN Holdings traded 13.95 million shares valued at N70.63 million, while Sterling Bank sold 13.21 million shares worth N15.70 million