Investors raised equity wager in BOC Gases Nigeria Plc, Flour Mills Nigeria Plc, Zenith Bank Plc, Vitafoam Nigeria Plc, UBA Plc, and other stocks that contributed to the record gain on Wednesday, January 6.
These equities helped the Nigerian stock market to withdraw from the preceding day’s red zone as some of Tuesday’s record laggards witnessed positive patronage because their prices became attractive for bargain hunters.
With a gain of about N36billion, the stock market was able to recoup part of the preceding day’s loss.
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The share price of BOC Gases led gainers after it moved from N10.5 to N11.5, up by N1 or 9.52percent. It was followed by Flour Mills Nigeria Plc which rallied from N26.1 to N27, up by 90kobo or 3.45percent, and Zenith Bank Plc stock which moved up from N24.6 to N25.1, adding 50kobo or 2.03percent.
Vitafoam also advanced from N8.75 to N9, adding 25kobo or 2.86percent, while UBA share price increased from N8.4 to N8.6, adding 20kobo or 2.38percent.
The Nigerian Stock Exchange (NSE) All-Share Index appreciated by 0.17percent, from preceding day low of 40,396.14 points to 40,465.15 points while the value of listed stocks increased from a low of N21.122trillion to N21.158trillion. Year-to-date (YtD), the market has risen by 0.48percent.
In 6,090 deals, investors exchanged 249,545,128 units valued at N2.184billion. Actively traded stocks include Japaul Gold Plc, Access Bank Plc, AXA Mansard Plc, UBA Plc and Transnational Corporation Plc.
