Cumulative worth of shares on the Nigerian Stock Exchange (NSE) appreciated on Wednesday after two days of downward trend.
The News Agency of Nigeria (NAN) reports that the spring back was due to huge price gains recorded by some major blue chips.?
As result of the upward swing, the All-Share Index appreciated by 271.29 points or 1.1 per cent to close at 24,839.86 against 24,568.57 recorded on Tuesday.
Also, the market capitalisation grew by N86 billion to close at N7.907 trillion or 1.1 per cent from N7.821 trillion recorded on Tuesday.
NewGold led on the price gainers’ chart with a gain of N15 to close at N2,683? per unit.
Guinness followed, gaining N7.10 to close at N260 per share, while Lafarge Wapco grew by N2.30 to close at N48.32 per share.
Total gained N130 to close at N1.99 per share, while International Breweries rose by 58k to close at N12.35 per share.
On the other hand, 7UP led the losers’ chart with a loss of N1 to close at N39 per share
Julius Berger came second with a loss of 95k to close at N29 per share, while Eternal Oil dropped by 11k to close at N2.15 per share.
GlaxoSmithKline lost 5k to close at N31.95 per share, while Custody Insurance dipped by 4k to close at N1.08 per share.
In all, investors exchanged 816.09 million shares worth N3.3 billion in 4,888 deals against 265.78 million shares worth N2.6 billion exchanged in 4.959 deals on Tuesday.
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