The market closed in the green region today due to the listing of 18Billion units of BUA Foods at N40 per share. This resulted to a variance in the percentage growth of the market capitalisation and the All Share Index.
Transactions on the floor of the Nigerian Exchange on Wednesday closed on a positive note as the All Share Index appreciated by 1.05% to settle at 43.476.75 points, from the previous close of 43.026.23 points, bringing the year-to-date to 1.78%, the month-to-date to 1.78% and the week-to-date to 1.78% respectively.
Investors gained N450.52Billion as Market Capitalization appreciated by 1.05% to close at N23.427trillion from the previous close of N23.184trillion. An aggregate of 1.241Billion units of shares were traded in 4,032 deals, valued at N42.966Billion.
The market breadth closed positive as 22 equities gained while 17 equities declined in their share prices.
Airtel Africa Plc led other gainers with 10% growth to close at N1,050 from the previous close of N955
BUA Foods, Oando and Aiico Insurance Plc amongst other gainers also grew their share prices by 10%, 9.73% and 8.33% respectively.
Unity Bank Plc led other price decliners as it shed 9.62% off its share price to close at N0.47 from the previous close of N0.52.
Royal Exchange Assurance, Regency Insurance and Union Bank Plc amongst other losers also shed their share prices by 9.41%, 8.16% and 6.90% respectively.
BUA Foods Plc traded about 1,007Billion units of its shares in 74 deals, valued at N40.534Billion.
Wema Bank Plc traded about 25.015million units of its shares in 142 deals, valued at N19.014Million.
Transcorp Plc traded about 24.955million units of its shares in 108 deals, valued at N24.624Million.