Investors searching for a bargain aided the equities segment of the Nigerian Stock Exchange to close on a positive note on Wednesday, despite profit-taking by some other investors.
The NSE’s All-Share Index was up by 36.15 basis points or 0.09 per cent to close at 39,011.31 points, up from 38,975.16 points recorded on Tuesday.
Similarly, the market capitalisation of the listed equities gained N12bn or 0.09 per cent to close at N12.478tn from N12.466tn the previous day.
The NSE 30 Index rose by one per cent or 4.48 basis points or 0.24 per cent from 1,798.98 points to close at 1,803.46 points, while the NSE Consumer Goods Index gained 0.62 per cent or 6.96 basis points to close at 1,115.10 points.
The NSE Banking Index and NSE Insurance Index also appreciated by 0.48 per cent and 1.31 per cent to close at 411.94 basis points and 145.22 basis points, respectively.
A total of 29 stocks recorded price appreciation, while 33 stocks recorded price depreciation.
Union Dicon Salt Plc gained the highest, rising by 10.11 per cent or 47 kobo to close at N5.12 per share.
Costain (West Africa) Plc followed with a gain of eight per cent or six kobo to close at 81 kobo per share.
Cadbury Nigeria Plc appreciated by five per cent or N2.85 to close at N58.85 per share, with Jos International Breweries Plc and Mansard Insurance Plc also rising by five per cent each to close at N3.57 and N2.31 per share.
On the flip side, Transnational Corporation of Nigeria Plc recorded the highest loss of the day, shedding 9.58 per cent or 46 kobo to close at N4.34 per share.
Eterna Plc and Oando Plc lost 8.70 per cent and 6.67 per cent to close at N3.99 and N14 per share, respectively, while Lafarge Cement Wapco Nigeria Plc and Livestock Feeds Plc fell by five per cent and 4.92 per cent to close at N100 and N4.64 per share in that order.
Meanwhile, investors staked a total of N4.764bn on 361.783 million shares in 4,761 on Wednesday.
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