Wema Bank Plc sells N88.99m unit of stocks, as equities market gain

Wema Bank Plc emerged as one of top gainers on the Nigerian Equities Market trading N88.99m units of stock on Wednesday.

This is even as the Nigerian Equities Market closed positively with a gain of 27.11 basis points and a favourable market breadth.

The NGX All-Share Index advanced by 0.04 percent, closing at 67,353.23 basis points, compared to the previous day’s gain of 0.43 percent, which closed at 67,326.12 basis points. The NGX Market CAP also recorded a gain of N15.29bn in Naira terms.

The total volume traded advanced by 5.18 percent to close at N397.56m, valued at N4.70bn and traded in 6,165 deals.

Woman Bank was the most traded stock by volume with N88.99m units traded, while GTCO was the most traded stock by value with N828.48bn units traded.

The Gote Index closed flat at 181.40, while the Toni index advanced by 0.51 percent to close at 344.27 basis points.

At the close of trading, the market recorded 19 gainers, 18 losers, and 80 unchanged. GUINEAINS topped the gainers list, while CWG topped the list of losers.

Thus, market breadth closed positively as the Market Breadth Index (MBI) is 0.01x.

WEMABANK had the highest volume contribution with 22.38 percent, while ACCESSCORP and UBA followed closely behind.

According to the value chart, GTCO is at the top with a 17.63 percent contribution. UBA and ACCESSCORP follow closely behind.