Despite that overall activity level remains minimal at the Nigerian Exchange Limited (NGX), the stock market still closed in the positive region on Wednesday.

As investors gradually wind down for the yuletide holiday season, the market increased slightly by 0.12percent at the close of trading session.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation increased from preceding day’s 49,416.18 points and N26.915trillion respectively to 49,475.43 points and N26.947trillion.

Listed equities value increased by N32billion on Wednesday on increased bargain.

Related News

Read also: Staco Insurance seeks patronage, promises to clear outstanding claims

Africa Prudential led the gainers league after its share price moved up from N5 to N5.85, up by 50kobo or 9.35 percent, followed by Champion Breweries which moved up from N4.10 to N4.30, adding 20kobo or 4.88percent.

Also, the year-to-date (YtD) positive return of the stock market stood higher at 15.82percent. This month, the market has risen by 3.81percent.

In 2,992 deals, investor exchanged 411,150,981 shares valued at N6.347billion. UPDC REIT, FBN Holdings, Geregu, Zenith Bank and GTCO were top-5 traded stocks on the Nigerian Exchange.

More from our Markets Column
Read Next
Stock market extends rally by 0.53%

Stock market rises further by 0.05%

By Iheanyi Nwachukwu • December 22, 2022

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp