Nigeria’s equities market on Wednesday July 15 stopped record loss trend as investors raised bets in shares of Airtel Africa Plc, Dangote Sugar Refinery Plc and GTBank Plc.
The choppy gains of N8billion on Wednesday happened as investors in 3,648 deals exchanged 208,209,536 units valued at N1.761billion.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased slightly by 0.07 percent to 24,132.30 points as against preceding trading day low of 24,114.59 points. The market’s negative return year-to-date (YtD) printed slightly lower at -10.10 percent.
The value of listed stocks increased to N12.587trillion from preceding day low of N12.579trillion, up by N8billion.
Banking stocks like Sterling Bank, UBA, Zenith Bank, FBN Holdings, FCMB Group were actively traded stocks on the Bourse.
Airtel Africa Plc recorded the highest increase after its share price moved from N328.7 to
N340, adding N11.3 or 3.44 percent.
It was followed by Dangote Sugar Refinery Plc which moved up from N11.6 to N12.2, adding 60kobo or 5.17 percent and GTBank Plc which advanced from N21.3 to N21.5, up by 20kobo or 0.94 percent.