NSE: Market capitalisation rises by 0.09%

Following a two-day slide, the major market indicators at the Nigerian Stock Exchange (NSE) closed on a positive note with the market capitalisation of the listed equities rising by N12bn or 0.09 per cent to close at N13.595tn, up from Tuesday's close of N13.583tn.

In the same vein, the Nigerian Stock Exchange's All-Share Index appreciated marginally by 0.09 per cent or 35.76 basis points to close at 41,171.16 basis points.

Investors staked N5.429bn on 295.933 million shares in 6,335 deals.

The banking subsector retained its lead on the activity chart as it accounted for 30.3 per cent of total turnover traded and more than any other subsector.

In the subsector, 89.768 million shares valued at N1.071bn were traded in 1,837 deals.

Volume was driven by trading in the shares of United Bank for Africa Plc, Diamond Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc.

Zenith International Bank Plc and Wema Bank Plc also recorded high volume turnover.

Thirty-two equities recorded price appreciation on Wednesday, while 32 others recorded price depreciation.

MRS Oil Nigeria Plc topped the gainers' table, rising by 10.22 per cent or N5.25 per share to close at N56.61 per share.

Oando Plc rose by 7.99 per cent or N1.85 to close at N25 per share, while Sim Capital Alliance gained 4.99 per cent or N4.91 to close at N103.24 per share.

Costain (West Africa) Plc and AG Leventis Plc were also among the gainers. They rose by 4.76 per cent and 4.55 per cent to close at N1.54 and N1.38 per share, respectively.

On the other hand, Conoil Plc led the losers, shedding 9.72 per cent or N6.38 to close at N59.27 per share, while Learn Africa Plc followed with an 8.94 per cent or 16 kobo loss to close at N1.63 per share.

Evans Medicals Plc and RT Briscoe Plc fell by 4.91 per cent and 4.55 per cent to close at N2.52 and N1.05 per share, while Prestige Assurance Plc lost 3.70 per cent or two kobo to close at 52 kobo per share.