Despite investors’ cautious tread on Custom Street, Nigeria’s stock market on Tuesday August 17 failed to sustain the record loss path it took at the beginning of the week.
The market closed slightly in the positive region on Wednesday (+0.11percent) as investors gained about N24billion.
The equities market’s negative return seen this year has decreased to -1.79percent.
Stocks that helped the market’s positive close on Tuesday include that of Honeywell Flour Mills Plc which led the league of gainers after it moved from N2.25 to N2.47, up by 22kobo or 9.78percent, followed by Pharmadeko which rose from N1.19 to N1.30, after adding 11kobo or 9.24percent.
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Others are: Wema Bank Plc which moved from 81kobo to 84kobo, adding 3kobo or 3.70 percent; Neimeth Nigeria Plc which increased from N1.64 to N1.70, up by 6kobo or 3.66percent, and Dangote Cement Plc which rose from N241.60 to N249.60, up by N8 or 3.31percent.
The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation appreciated from preceding day lows of 39,505.4 points and N20.582trillion respectively to 39,550.36 points and N20.606trillion.
In 3,305 deals, investors exchanged 110,770,650 units valued at N3.083billion. Transcorp, FBN Holdings, Oando, Access Bank and NAHCO were most traded stocks on Tuesday.
