The Nigerian Exchange maintained its bullish momentum on Wednesday as renewed investor confidence pushed the market capitalisation higher by N459bn, driven by sustained interest in banking and oil stocks.
At the close of trading, the market capitalisation rose to N92.5tn from N92.04tn recorded on Tuesday, while the All-Share Index appreciated 0.50 per cent to close at 145,719.09 points.
A total of 525.7 million shares valued at N13.59bn were traded in 25,571 deals, representing a four per cent rise in volume, a 44 per cent drop in turnover, and a 17 per cent decline in the number of deals compared with the previous session.
Market data showed that 130 listed equities participated in the day’s trading, ending with 29 gainers and 35 losers.