Bullish sentiments continued on Wednesday, extending the previous day’s gains, largely driven by gains from Airtel Africa and 19 others.
As a result, the All-Share Index rose 271.84 points, growing 0.69 percent, closing at 39,448.46 from 39,176.62 posted Tuesday. Month-to-date profit rose to 2.3 percent, while year-to-date loss narrowed to 2.0 percent.
Similarly, the market cap gained N142 Billion to close at N20.553 Trillion against N20.411 Trillion reached Tuesday.
The rebound was impacted by gains recorded in medium and large cap stocks, including; Airtel Africa, Northern Nigeria Flour Mills, Ecobank Transnational Incorporated, Neimeth International Pharmaceuticals and Livestock Feeds.
Market sentiment ended positively with 20 risers versus 15 losers.
Pharma Deko defended the earnings chart in percent, gaining 9.17 percent to close at N1.19 per share.
Neimeth International Pharmaceuticals followed at 8.61 percent to close at N1.64, while Ikeja Hotel appreciated 7.69 percent to close at N1.40 per share.
Animal Feed was up 6.84 percent to close on N2.03, while Linkage Assurance was up 6.78 percent to 63k per share.
On the other hand, FTN Cocoa Processors led the losers chart by 8.89 percent to 41k per share.
Wema Bank followed with 7.32 percent to close at 76k, while May and Baker Nigeria lost 6.38 percent to close at N4.40 per share.
Mutual Benefits Assurance lost 5.56 percent to close at 34k, while Veritas Kapital Assurance depreciated 4.17 percent to 23k per share.
Transactions in Transcorp’s shares topped the chart of operations with 20.49 million shares worth N19.34 million.
ETI followed with 17.54 million shares worth N97.99 million while FCMB Group traded 15.31 million shares worth N48.21 million.
Sterling Bank sold 14.14 million shares worth N22.24 million, while United Bank for Africa traded 10.94 million shares worth N83.39 million.
Overall, total trading volume fell 61.8 percent as investors bought and sold 181.42 million units worth N2.08 billion in 3,599 deals.