Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, January 25, reversed the bear run driven by the positive performances on sectoral indices.
As such, the All Share Index added 0.09 percent, appreciating by 22.91 points to close at 26,240.45 points. Likewise, the market capitalization scooped N7.9 billion to close at N9.028 trillion from previous closing figure of N9.020 trillion.
Market breadth closed positive with 21 advancers paired against 16 losers. Nascon led the day’s advancers with an appreciation of 4.95 percent to close at N7.84. Neimeth followed with a surge of 4.69 percent to close at 67 kobo, Custodyins grew 3.31 percent to close at N3.75 while Oando and Wapic Insurance added 2.39 and 1.96 percent each to close at N4.71 and 52 kobo respectively.
Conversely, Honeywell Flour Mills topped the losing chart with 4.96 percent to close at N1.15, Livestock Feeds dropped 4.94 percent to close at 77 kobo. A.G Leventis slid 4.65 percent to close at 82 kobo, UAC-Prop fell 4.64 percent to close at N2.88 and Nigerian Aviation Handling Company (NAHCO) dropped 4.41 percent to close at N2.60.
At the end of the day’s transaction, Volume of shares moved by investors in 2,896 deals advanced by a total of 190 million shares in contrast to 187.7 million units traded previously, The Value traded slumped considerably to N2.4 billion from N10.4 billion recorded previously.