Investors in the Nigerian equities market went home with N444 billion at the close of trading on Wednesday.

This followed the growth in the share prices of stocks like SFSREIT (Skye Shelter Fund), HONEY FLOUR (Honeywell Flour Mill), and MEYER (Meyer Plc) amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N56.4 trillion from N56.00 trillion recorded by the bourse on Tuesday.

The benchmark All-Share Index (ASI) increased to 98,230.92 from 97,685.64.

The market breadth was positive as 27 stocks advanced and 25 stocks declined, while 65 stocks remained unchanged in 9,627 deals.

SFSREIT, HONEY FLOUR, and MEYER led other gainers with 9.99%, 9.96%, and 9.95% growth each in share prices to close at N179.45, N5.41, and N6.41 from the previous N163.15, N4.92, and N5.83 per share.

On the flip side, NNFM (Northern Nigeria Flour Mills Plc), BERGER (Berger Paints), and DEAPCAP (Deap Capital Management & Trust) led other price decliners as they shed 10%, 9.81%, and 9.68% each to close at N39.15, N21.60, and N0.84 from the initial N43.50, N23.95, and N0.93 per share.

On the volume index, JAPAUL GOLD led trading with 64 million shares valued at N166 million in 225 deals followed by FBNH which traded 26 million shares valued at N840 million in 726 deals.

UBA traded 25 million shares valued at N618 million in 445 deals.

On the value index, GEREGU recorded the highest value for the day trading stocks worth N1.3 billion in 259 deals followed by FBNH which traded equities worth N840 million in 726 deals.

OANDO traded shares valued at N661 million in 796 deals.

By: Babajide Okeowo

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