Major market indices were lifted on Wednesday, July 30, being the first trading day of the week after the public holiday.
The market capitalization of the listed equities rose from Friday’s close of N13.962tn to close at N13.990tn increasing by N28bn or 0.2%
Also rising was the Nigerian Stock Exchange All Share Index by 0.2% or 83.17 basis points to close at 42,368.99 basis points, up from 42,285.82 basis points.
The NSE 30 Index, which tracks performance of the 30 most capitalized companies on the Exchange appreciated marginally. It advanced by 0.03% or 0.60 basis points to close at 1,933.81 basis points from 1,933.21 basis points.
The activity chart was dominated by the banking sub-sector in terms of volume traded, accounting for 71.3% of total turnover traded.
In the sub-sector, 509.273 million shares valued at N3.794bn were traded in 1,604 deals with Access Bank Plc and Wema Bank Plc driving volume.
Also recording high volume turnover in the sub-sector were Unity Bank Plc, Zenith Bank Plc and Fidelity Bank Plc.
In all, 713.842 million stocks worth N6.728bn in 5,830 deals were exchanged by investors with 29 equities recording price appreciation and another 29 making losses.
The day’s top gainer was Oando Plc. It gained 9.7% or N2.47 to close at N27.94 per share. It was followed by Portland Paints and Products Plc which rose by 4.98% or 26 kobo to close at N5.48 per share. Stanbic IBTC Holding Plc was also up by 4.98% to close at N30.54 per share.
Evans Medical Plc also gained 4.85% or 10 kobo to close at Nn2.16 per share.
The losers were led by Red Star Express Plc, shedding 7 points or 35kobo to close at N4.56 per share.
Wapic Iinsurance Plc and Honeywell Flour Mills Plc fel by 5.56% and 4.94% to close at 85 kobo and N4.04 per share, respectively, while Cap Plc declined by 4.88% to close at N39per share.
The most traded stocks for the day are Access Bank Plc, 217.528 million shares at N2.172bn; Wema Bank Plc, 153.443 million shares worth N162.7m; and Transnational Corporation of Nigeria Plc, 44.5 million shares worth N242.4m.