Blue chip company gains push NGX index up 1.25%
Similarly, the All-Share Index (ASI), which opened at 47,545.86 points, closed at 48,138.71, or 1.25%.
Market analysts from Vetiva Research said: “The market saw an unexpected positive close in some counters that have been trading flat over the past few sessions, while maintaining its profit-taking activities in the banking space.
“We expect further mixed activity tomorrow as investors continue to pick up attractive counters across the board.”
NAN reports that Eterna Oil posted the highest percentage price gain to lead the winners’ chart, appreciating 10% to close at 50,000 per share.
Japaul Gold also gained 10% to close at 3k and Guinness rose 9.96% to close at N7.45 per share.
Meyer rose 9.66% to close at 17,000, while WAPIC rose 9.52% to close at 4,000 per share.
Conversely, UnionDicon leads the losers chart, dropping 9.6% to close at 95,000 per share.
CWG followed with a loss of 9.28% to close at 9,000 and JohnHolt fell 8.97% to close at 7,000 per share.
Regal Insurance was down 8.57% to close at 3,000 while Sunu Insurance was down 8.33% to close at 3,000 per share.
NAN also reports that analysis of the activity table indicated that Universal Insurance became the most active in terms of volume, having accounted for 73.05 million shares worth N14.61 million.
It was followed by Zenith Bank with an exchange of 33.65 million shares worth N571.51 million and Fidelity Bank sold 20.73 million shares worth N79.96 million. of naira.
United Bank for Africa (UBA) traded 20.06 million shares worth N160.5 million, while Mutual Benefits Assurance sold 16.37 million shares worth N3.95 million naira.
In total, investors staked 3.699 billion naira on 349.56 million shares traded in 4,587 deals against 365.45 million shares worth 7.11 billion naira in 5,790 deals on Tuesday.